General Mills Managing Inflationary Headwinds; Scaling Up Pets Business
publication date: Dec 28, 2021
Image Source: General Mills Inc – Second Quarter of Fiscal 2022 IR Earnings Presentation.
On December 21, General Mills, the firm behind the Cheerios, Pillsbury, and Nature Valley brands (among various others), reported second quarter earnings for fiscal 2022 (period ended November 28, 2021) that beat consensus top-line estimates but missed consensus bottom-line estimates. The consumer staples giant also raised its full year guidance for fiscal 2022 in conjunction with its latest earnings report. In the face of major input cost inflationary pressures and supply chain constraints, brought on in part by the coronavirus (‘COVID-19’) pandemic and the fiscal/monetary policies enacted to offset the economic damage caused by the public health crisis, General Mills has done a solid job navigating the ever-changing landscape, all things considered.
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