Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
One part of people's budgets is untouchable no matter how thin their wallets get, and that's Fido's portion. The only segment of General Mills' sales in North America that rose in the fourth quarter was its pet business, which includes brands like Blue Buffalo and Tiki Cat. The rest of its earnings, reported yesterday, weren't as rosy.
The company, which owns brands including Cheerios and Betty Crocker, posted a $2 billion loss last quarter, mainly because of non-cash items. Revenue rose 1% as shoppers skimped, opting for smaller package sizes and sale items.
General Mills said yesterday it'll try to scrape together $3 billion in cost savings over the next four years, all while innovating in its products. Investors seemed to like the sound of the cereal company's lean and protein-packed plan, pushing its stock up about 9% yesterday.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
One part of people's budgets is untouchable no matter how thin their wallets get, and that's Fido's portion. The only segment of General Mills' sales in North America that rose in the fourth quarter was its pet business, which includes brands like Blue Buffalo and Tiki Cat. The rest of its earnings, reported yesterday, weren't as rosy.
The company, which owns brands including Cheerios and Betty Crocker, posted a $2 billion loss last quarter, mainly because of non-cash items. Revenue rose 1% as shoppers skimped, opting for smaller package sizes and sale items.
General Mills said yesterday it'll try to scrape together $3 billion in cost savings over the next four years, all while innovating in its products. Investors seemed to like the sound of the cereal company's lean and protein-packed plan, pushing its stock up about 9% yesterday.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
26 days ago
