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General Mills Gears Up for Q3 Earnings: Here's What You Should Know
ZACKS· 2025-03-17 13:45
General Mills, Inc. (GIS) is likely to register a decline in its top and bottom lines when it reports third-quarter fiscal 2025 earnings on March 19. The Zacks Consensus Estimate for revenues is pegged at almost $5 billion, implying a 2.8% decrease from the prior-year quarter’s reported figure. The consensus mark for earnings has moved down by a penny in the last seven days to 95 cents per share, indicating a decline of 18.8% from the year-ago quarter’s reported figure. GIS has a trailing four-quarter earni ...
Borr Drilling Limited - Notice of Annual General Meeting
Prnewswire· 2025-03-17 11:38
Core Points - The Annual General Meeting of Shareholders for Borr Drilling Limited is scheduled for May 21, 2025 [1] - The record date for determining shareholders entitled to vote is set for March 6, 2025 [1] Company Information - A copy of the Notice of the Annual General Meeting and Form of Proxy will be distributed to shareholders [2] - Additional information, including the Company's Annual Report, is available on the Company's website [2] - Contact for further inquiries is Magnus Vaaler, CFO, with a provided phone number [2]
General Mills Stock Eyes 4th-Straight Drop Ahead of Earnings
Schaeffers Investment Research· 2025-03-14 19:29
Core Viewpoint - General Mills Inc is set to report its fiscal third-quarter earnings, with analysts expecting earnings per share of 95 cents and revenue of $4.96 billion [1] Group 1: Stock Performance - General Mills' stock is currently down 0.1% at $59.79, having faced a decline since reaching a multi-month high of $64.95 [2] - The stock is on track for its fourth consecutive daily loss, contributing to a 6% year-to-date decline [2] Group 2: Earnings History and Expectations - Historically, General Mills' stock has either fallen or remained flat after five of its past eight earnings reports, with an average shift of 2.6% [3] - Traders are anticipating a larger-than-usual move of 6.5% for the shares following the upcoming earnings report [3] Group 3: Analyst Recommendations and Short Interest - There is potential for upgrades, as 13 out of 18 brokerage firms currently have a "hold" recommendation on the stock [4] - Short interest has increased by 17.2% over the past two reporting periods, representing 4.8% of the stock's total available float [4] Group 4: Options Activity - Bullish sentiment is evident in the options market, with a 10-day call/put volume ratio of 3.38, which is higher than 72% of annual readings [5] - General Mills has historically outperformed options traders' volatility expectations, as indicated by a Schaeffer's Volatility Scorecard of 94 out of 100 [5]
Dollar General Shifts Focus To Stability, But Analysts Flag Profitability Pressures
Benzinga· 2025-03-14 17:50
Dollar General Corp DG reported better-than expected fourth-quarter earnings. The following are the comments from analysts for the same.Piper Sandler analyst Peter Keith reiterated a Neutral rating on the shares and raised the price target from $79 to $81.DG reported fourth-quarter earnings per share of $0.87, which included a charge of $0.81 related to its store portfolio review and closures. Excluding these charges, the company would have exceeded consensus expectations of $1.51, said the analyst.The comp ...
These Analysts Revise Their Forecasts On Dollar General After Q4 Results
Benzinga· 2025-03-14 12:45
Dollar General Corporation DG reported better-than-expected fourth-quarter sales results on Thursday.The company reported fourth-quarter sales growth of 4.5% year-on-year to $10.304 billion, beating the analyst consensus estimate of $10.264 billion. EPS of $0.87 missed the consensus estimate of $1.51."We were pleased with the underlying performance of the business in the fourth quarter, including improved execution and solid top-line results," said CEO Todd Vasos.As a result of store portfolio optimization ...
Granada Reports Annual General Meeting Results
Thenewswire· 2025-03-13 21:05
  Rouyn Noranda, Q.C., March 13, 2025 – TheNewswire – Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") announces that the 2025 Annual General Meeting was held today, Thursday March 13, 2025 and is pleased to report that all resolutions proposed to the Shareholders were approved with over 93.87% voting in favour in all categories.   The resolutions approved are as follows: 1.        The following individuals were re-elected Directors of the Company: Frank J. Basa ...
Why Dollar General Stock Soared Today
The Motley Fool· 2025-03-13 20:39
Core Viewpoint - Dollar General's stock rose 6.8% amid broader market declines, driven by better-than-expected guidance for 2025 despite mixed earnings results [1][2]. Financial Performance - For Q4, Dollar General reported earnings per share (EPS) of $0.87 on sales of $10.3 billion, surpassing Wall Street's expectation of $10.26 billion [2]. - The company's total revenue for the full year reached $40.61 billion, reflecting a nearly 5% increase from last year's $38.69 billion [2]. - Dollar General anticipates comparable-store sales growth of 2.2% in 2025, exceeding the analyst consensus of 1.8% [2]. Market Context - Dollar General's optimistic outlook contrasts with other major retailers, which have issued cautious forecasts due to declining consumer sentiment and recession fears [3]. - The retail industry is experiencing nervousness due to escalating trade tensions between the U.S. and its major trading partners, making Dollar General's relative optimism notable [3]. Competitive Landscape - The company faces significant challenges as consumers are expected to tighten their spending in the coming months [4]. - Increasing competition from discount retailers like Walmart, which have lowered prices in response to consumer sentiment, poses additional pressure on Dollar General [4].
Dollar General Q4 Earnings Beat Estimates, Sales Rise 4.5% Y/Y
ZACKS· 2025-03-13 18:25
Core Insights - Dollar General Corporation (DG) reported fourth-quarter fiscal 2024 results with both net sales and earnings surpassing the Zacks Consensus Estimate, although earnings decreased compared to the previous year [1][4]. Financial Performance - Quarterly adjusted earnings were $1.68 per share, exceeding the Zacks Consensus Estimate of $1.50, but down 8.2% from $1.83 in the prior-year period. GAAP earnings fell 52.5% year over year to $0.87 per share, impacted by store closures and impairment charges [4]. - Net sales reached $10,304.5 million, a 4.5% increase year over year, surpassing the Zacks Consensus Estimate of $10,259 million, driven by new store openings and same-store sales growth, despite some offset from store closures [5]. - Same-store sales grew 1.2% year over year, with a 2.3% increase in average transaction amount and a 1.1% decrease in customer traffic. The consumables category led the growth, while home, seasonal, and apparel categories saw declines [6]. Margin and Expense Analysis - Gross margin contracted by 8 basis points to 29.4%, attributed to higher markdowns, increased inventory damages, and distribution costs, partially offset by higher inventory markups and lower shrinkage [8]. - Selling, general and administrative expenses as a percentage of net sales increased by 294 basis points to 26.5%, primarily due to $214 million in impairment charges and higher costs in various operational areas [9]. - Operating profit declined 49.2% year over year to $294.2 million, reflecting significant charges related to store portfolio optimization, with the operating margin contracting 300 basis points to 2.9% [10]. Strategic Initiatives - Dollar General opened 725 new stores, remodeled 1,621 locations, and relocated 85 stores during fiscal 2024. Plans for fiscal 2025 include 4,885 real estate projects, with 575 new stores in the U.S. and up to 15 in Mexico, alongside extensive remodeling efforts [12]. - The company aims to solidify its role in rural communities through strategic store growth and improvements to its mature store base, laying a foundation for sustainable long-term growth and shareholder value [3]. Future Outlook - For fiscal 2025, Dollar General anticipates net sales growth between 3.4% and 4.4%, with same-store sales growth projected between 1.2% and 2.2%. Earnings are expected to be in the range of $5.10 to $5.80 per share [15].
Dollar General: Customers Can Only Afford ‘Basic Necessities'
PYMNTS.com· 2025-03-13 18:02
Dollar General is expecting its customers to face deteriorating financial conditions this year.“Our customers continue to report that their financial situation has worsened over the last year, as they have been negatively impacted by ongoing inflation,” Todd Vasos, CEO of the discount retailer, said during a fourth-quarter earnings call Thursday (March 13). “Many of our customers report that they only have enough money for basic essentials, with some noting that they have had to sacrifice even on the necess ...
Crude Oil Falls 1%; Dollar General Posts Upbeat Sales
Benzinga· 2025-03-13 16:25
U.S. stocks traded lower midway through trading, with the S&P 500 falling more than 1% on Thursday.The Dow traded down 1.17% to 40,865.63 while the NASDAQ dipped 1.64% to 17,359.52. The S&P 500 also fell, dropping, 1.18% to 5,533.34.Check This Out: Top 3 Health Care Stocks You’ll Regret Missing This QuarterLeading and Lagging SectorsMaterials shares gained by 0.9% on Thursday.In trading on Thursday, consumer discretionary shares dipped by 1.4%.Top HeadlineDollar General Corporation DG reported better-than-e ...