Shares of General Mills jumped 4 percent during premarket trading Wednesday as the company's cost-cutting initiatives paid off for its profits.
The food company earned 83 cents per share, on an adjusted basis, during the fiscal third quarter, topping the 69 cents per share expected by analysts surveyed by Refinitiv. General Mills also reported revenue in line with estimates of $4.20 billion.
Pakay20 Nice
Advanced Course...for even you, Jamie Diamond. LOL
Extremely key. for. large. asset heavy. coroporations.
More means excellent prefomrrance....'Asset Utilization Effficient'
Less propositonally means.....ineffiencency
So, that's the real issue for General Mills going forward....'gears'
Sales were up...and whether or not its propositional to its costs and cost structure, two different but related things.......
Why?! Lack of previous monetium....so, it starts from at the very least a complete stand still
But, given the depressed nature of its business before...its positive, very positive.......
Could be many things.....
Ok, what does this mean.....?
Let's look at this
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »