General Mills' stock surged 8.5% after the company reported Q4 adjusted earnings of $0.95 per share, beating estimates of $0.82. Management highlighted exceptional growth in the cat food segment amid the 'humanization' of pets trend. The company also announced a restructuring plan aiming to cut costs by $3 billion by mid-2030.
General Mills shares rallied after reporting earnings that beat estimates and unveiling a massive restructuring initiative to cut $3 billion in costs by 2030.
Read the full storyGeneral Mills reported EPS of $0.95, beating estimates, while highlighting a boom in pet food despite broader consumer financial stress.
The company reported adjusted EPS of $0.95, beating the $0.82 consensus, driven by cost-cutting measures and margin expansion.