Post-earnings recap
Reported
Wed, Jun 26, 2019
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
75%
Est. EPS
—
Est. Rev
—
Impl. Move
—
General Mills reported better-than-expected earnings per share, indicating some resilience in its business. However, the stock fell by 4.45% following the earnings report, likely due to the lack of revenue data and absence of future guidance. Investors may be concerned about the company's ability to sustain growth without clear direction.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.83 | N/A | +8.07% |
Management expressed satisfaction with the earnings per share results, highlighting their commitment to growth. However, they did not provide specific guidance for the upcoming quarters.
We are pleased with our EPS performance this quarter.
Our focus remains on driving growth in key categories.