General Mills had a decent quarter and managed to surpass Wall Street expectations despite inflationary woes. The company faced a tough comparison with the corresponding quarter of 2020 where sales were on a high on account of pandemic-induced tailwinds but the silver lining in the recent result was the recovery in away-from-home food demand. The raw material costs and all other forms of input costs are expected to be high for the coming quarters on account of the food inflation which has hit al ....
12 Jul 2021
General Mills Inc. - Invt Thesis, Financial & Price Forecasts, DCF Valuation
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General Mills Inc. - Invt Thesis, Financial & Price Forecasts, DCF Valuation
- Published:
12 Jul 2021 -
Author:
Ishan Majumdar -
Pages:
14 -
General Mills had a decent quarter and managed to surpass Wall Street expectations despite inflationary woes. The company faced a tough comparison with the corresponding quarter of 2020 where sales were on a high on account of pandemic-induced tailwinds but the silver lining in the recent result was the recovery in away-from-home food demand. The raw material costs and all other forms of input costs are expected to be high for the coming quarters on account of the food inflation which has hit al ....