Investing.com - General Mills reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $1 on revenue of $4.36B. Analysts polled by Investing.com anticipated EPS of $0.87 on revenue of $4.22B.
General Mills shares are up 8% from the beginning of the year and are trading at $57.99 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.62% from the start of the year.
General Mills follows other major Consumer/Non-Cyclical sector earnings this month
General Mills's report follows an earnings beat by Brown Forman on September 2, who reported EPS of $0.4 on revenue of $753M, compared to forecasts EPS of $0.3 on revenue of $691.25M.
Brown Forman A had beat expectations on September 2 with first quarter EPS of $0.4 on revenue of $753M, compared to forecast for EPS of $0.3 on revenue of $691.25M.
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