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General Mills, Inc. (GIS) manufactures and markets branded consumer foods worldwide. 
The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.
It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food.
The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait trademarks.
On September 21, General Mills (GIS) reported 1st Quarter August 2022 earnings of $1.11 per share on revenue of $4.7 billion. The consensus earnings estimate was $1.00 per share on revenue of $4.7 billion.
The company said it now expects fiscal 2023 earnings of $4.02 to $4.14 per share on revenue of $20.13 billion to $20.32 billion. The company's previous guidance was earnings of $3.94 to $4.06 per share on revenue of $19.75 billion to $19.94 billion.Shares have formed a bullish "flag" following the earnings report. Higher share prices are expected.
Entry Point: $79.00
Trading Range: $58.85 - $81.24
Stop Loss: $75.00
Target Price: $86.70
