General Mills Brightens Its Earnings Outlook
Investors had some big questions heading into General Mills' (NYSE: GIS) fiscal 2021 second-quarter earnings report. The snack and cereal giant had recently posted impressive growth thanks to a new global focus on at-home eating. But it wasn't clear that this boost could sustainably improve its earnings prospects.
This past week, General Mills gave investors new reasons to buy into that bullish outlook. Its report showed solid sales and profit gains through November. More importantly, it suggested the company is winning over new customers who might stick around long after the pandemic threat fades.
Let's take a closer look.
Source Fool.com
