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General Mills Surprises with Strong Earnings | Business and Finance News

General Mills Surprises with Strong Earnings | Business and Finance News

Published 2 days, 5 hours ago
Description

General Mills stunned the market with a 7% stock surge after beating earnings expectations, even as sales volume dipped—hinting at strategic price hikes. Their adjusted EPS hit 95 cents, 18% above forecasts, despite a drop in operating profit driven by one-time charges and a Brazil divestiture. The rally signals a broader investor shift toward defensive, dividend-paying staples like packaged foods amid tech volatility and rising rate fears. While this momentum is strong now, it’s fragile—any tech rebound or rate hike could reverse the flow.

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