Investing.com - General Mills reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $1.1 on revenue of $5.02B. Analysts polled by Investing.com anticipated EPS of $1.06 on revenue of $4.94B.
General Mills shares are up 15% from the beginning of the year and are trading at $61.65 , down-from-52-week-high.They are outperforming the S&P 500 which is down 4.04% year to date.
General Mills follows other major Consumer/Non-Cyclical sector earnings this month
General Mills's report follows an earnings matched by Brown Forman A on June 9, who reported EPS of $0.27 on revenue of $709M, compared to forecasts EPS of $0.27 on revenue of $681.56M.
McCormick & Comp had beat expectations on June 25 with second quarter EPS of $1.47 on revenue of $1.4B, compared to forecast for EPS of $1.16 on revenue of $1.38B.
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