We expect this sector stocks to reliably outperform
Show Me the Money! 3 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
General Mills (GIS) released robust fiscal fourth-quarter 2020 results, with the top and the bottom-line surpassing consensus estimates. Moreover, earnings and sales increased on a year-over-year basis. The company’s adjusted earnings per share of $1.10 increased 33% year over year.
Net sales of over $5 billion increased 21% year over year and also surpassed most market estimates of $4,97 billion. Also, organic sales increased 16% on growth in North America Retail, Pet as well as Europe & Australia segments.
Success of General Mills amidst coronavirus ordeals follows similarly strong quarterly performances of other major U.S. food and staples retailers. Going forward, if situation around COVID-19 doesn’t drastically change – and we don’t see necessary prerequisites of it at the time – we expect this sector stocks, including recently launched Albertsons Companies, to reliably outperform.
General Mills (GIS) released robust fiscal fourth-quarter 2020 results, with the top and the bottom-line surpassing consensus estimates. Moreover, earnings and sales increased on a year-over-year basis. The company’s adjusted earnings per share of $1.10 increased 33% year over year.
Net sales of over $5 billion increased 21% year over year and also surpassed most market estimates of $4,97 billion. Also, organic sales increased 16% on growth in North America Retail, Pet as well as Europe & Australia segments.
Success of General Mills amidst coronavirus ordeals follows similarly strong quarterly performances of other major U.S. food and staples retailers. Going forward, if situation around COVID-19 doesn’t drastically change – and we don’t see necessary prerequisites of it at the time – we expect this sector stocks, including recently launched Albertsons Companies, to reliably outperform.