Investing.com - General Mills (NYSE:GIS) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
General Mills announced earnings per share of $1.12 on revenue of $4.89B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $4.8B.
General Mills shares are up 4% from the beginning of the year, still down 5.04% from its 52 week high of $73.99 set on May 10. They are outperforming the S&P 500 which is down 19.82% from the start of the year.
General Mills follows other major Consumer Staples sector earnings this month
General Mills's report follows an earnings beat by Alimentation Couchen A on Tuesday, who reported EPS of $0.55 on revenue of $16.43B, compared to forecasts EPS of $0.5112 on revenue of $15.43B.
Kroger had beat expectations on June 16 with second quarter EPS of $1.45 on revenue of $44.6B, compared to forecast for EPS of $1.29 on revenue of $44.15B.
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