General Mills, Inc. (GIS) Q2 2022 Earnings Results

General Mills Misses on EPS, Stock Down 4.03%

General Mills reported a lower-than-expected EPS, which contributed to a 4.03% drop in stock price. The company faces challenges such as rising costs and supply chain disruptions. Investors may be cautious as management did not provide specific guidance for the upcoming quarters, indicating uncertainty ahead.

The print

Key numbers

Actual vs. consensus

Metric	Actual	Expected	Surprise
EPS	$0.99	N/A	-6.43%
Revenue	N/A	N/A	N/A

Management

Management commentary

Tone: Defensive

Management expressed concern over rising costs and supply chain issues. They are prioritizing operational efficiency to navigate these challenges.

Management noted challenges in the current economic environment.

They emphasized a focus on cost management and efficiency.

There was no specific guidance provided for future quarters.

General Mills Misses on EPS, Stock Down 4.03%

Key numbers

Management commentary

General Mills, Inc.

More earnings this week

General Mills Misses on EPS, Stock Down 4.03%

Key numbers

Management commentary