<p>通用磨坊（General Mills）属于消费类必需品行业，是美国排名前十的最大食品和饮料公司之一。2024 年，股价基本与年初持平，全年总回报略低于 0%。</p>
<p>但它并非一直在横盘交易。截至 4 月和 5 月，年初至今的回报率上升至 12% 左右，但在过去五周显著下滑。自 6 月 26 日早间发布 2024 财年业绩报告以来，股价已下跌超过 5%。让我们看看通用磨坊的业务线、最近的财务报表和未来展望，以便对这一反应进行背景分析，并分析其未来前景。</p>
<p>获取通用磨坊的警报：</p>
<h2>通用磨坊的业务部门和产品</h2>
<p>通用磨坊在其年度报告中列出了四个部门：北美零售、国际、宠物和北美餐饮服务。该公司拥有 100 多个独特品牌，包括 Cheerios、Bisquick 和 Häagen-Dazs，并在 100 多个国家开展业务。北美零售部门是最大的部门，占 77% 的营业利润。公司的宠物部门占 12%，北美餐饮服务占 8%，国际部门占 3%。</p>
<p>北美零售专注于许多食品产品，包括即食谷物、冷冻食品和常温蔬菜。该公司的主要客户是杂货店和大型零售商。由于其业务性质，其产品的成本可能会根据小麦、玉米、糖等大宗商品的价格波动而大幅波动。</p>
<p>报告指出，尽管季节性影响了部分产品销售，但整体需求在全年保持相对平衡。</p>
<h2>通用磨坊的收益：每股收益超预期，营收不及预期，股息增加</h2>
<p>每股收益（EPS）略高于市场预期的 0.99 美元，达到 1.01 美元。公司的营收大幅不及预期，为 47.1 亿美元，低于预期的 48.5 亿美元。全年净销售下降 1%，但调整后的营业利润增长了 4%。这是由净价格实现和产品组合推动的。这意味着公司能够对其产品收取更高的价格，减去提供的任何折扣。尽管公司以更高的价格销售，但较低的销售量抵消了这一点，最终导致收入下降。SG&amp;A 费用减少 2.41 亿美元，提振了调整后的营业利润。</p>
<p>然而，按季度计，与 2023 年第四季度相比，营收和调整后的营业利润均显著下降。营收下降 6%，调整后的营业利润下降 10%。调整后的稀释每股收益也下降 10%。国际部门带来了一个大的失望。公司报告称，与 2023 年第四季度相比，国际部门的营业利润下降了 68%。巴西和中国的恶劣环境对此结果产生了重大影响。在巴西，客户大幅减少了库存。在中国，下半年消费者情绪的下滑严重影响了公司的高端品牌（如 Häagen Dazs）的销售。</p>
<p>此次发布的另一个值得注意的点与公司的股息有关。公司宣布增加股息，将股息率提高至 3.74%。这样的增长并不罕见，因为公司的股息在过去三年中以每年 4.5% 的速度增长。公司以超过行业平均水平两倍以上的资本回报形式向投资者提供稳定的收入。加工和包装产品公司的平均股息率为 1.8%。</p>
<h2>通用磨坊 2025 财年展望：预计逐步恢复销量和节约成本</h2>
<p><strong>整体市场排名™4.65/5</strong></p>
<p>分析师评级 <strong>持有</strong></p>
<p>上行/下行 <strong>上行 11.4%</strong></p>
<p>空头头寸 <strong>看跌</strong></p>
<p>股息实力 <strong>强劲</strong></p>
<p>可持续性 <strong>-3.28</strong></p>
<p>新闻情绪 <strong>0.25</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/MediaMentionsMiniChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUyZ2PTI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/MediaMentionsMiniChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUyZ2PTI"/></p>
<p>**</p>
<p>内部交易 <strong>出售股票</strong></p>
<p>预计盈利增长 <strong>7.71%</strong></p>
<p>查看完整详情</p>
<p>通用磨坊预计将在 2025 财年逐步从销量下降中恢复。公司还希望通过其全面边际管理计划（HMM）继续节省销售成本（COGS）4% 至 5%。这将通过其全面边际管理计划（HMM）实现，该计划使公司得以在 2024 年抵御通货膨胀。公司预计这种节省水平将提高利润率，因为它预计 COGS 通货膨胀率在 3% 至 4% 的范围内。</p>
<p>但公司并不指望盈利大幅增长。指导中值显示，2025 财年调整后的稀释每股收益将保持不变。发布后，有六位分析师更新了他们的评级。他们对该股的平均目标价为 68 美元。这意味着与 2024 年 6 月 27 日收盘价相比，有 7% 的上涨空间。</p>
<p>→ 乔·拜登在数周内面临政治 “击倒”？（来自 Banyan Hill Publishing）（广告）</p>
<p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NTk3?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NTk3"/></p>
<h2>现在是否值得投资 1000 美元购买通用磨坊？</h2>
<p>在考虑通用磨坊之前，您可能想听听这个。</p>
<p>MarketBeat 每天跟踪华尔街评级最高、表现最佳的研究分析师以及他们向客户推荐的股票。MarketBeat 已确定了五只顶级分析师悄悄告诉客户在更广泛市场注意之前购买的股票...通用磨坊不在名单上。</p>
<p>尽管通用磨坊目前在分析师中有 “持有” 评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

通用磨坊

<p>通用磨坊股票因 2024 财年第四季营收不及预期而下跌。该公司在每股收益方面表现优异，并提高了股息。股价下跌。通用磨坊的北美零售业务部门占营业利润的 77%。该公司的国际业务部门由于巴西和中国市场的挑战，经历了营业利润的显著下降。通用磨坊预测在 2025 财年逐渐恢复销量并实现成本节约。分析师对该股票的平均目标价为 68 美元</p>

<p>General Mills NYSE: GIS lies within the consumer staples sector and ranks in the top 10 largest food and beverage companies in the United States by revenue. In 2024, the share price is essentially where it started for the year, with a total return of just under 0%.</p>
<div class="lb-trans"><p>通用磨坊（General Mills）属于消费类必需品行业，是美国排名前十的最大食品和饮料公司之一。2024 年，股价基本与年初持平，全年总回报略低于 0%。</p>
</div><p>But it hasn’t simply been trading sideways. Year-to-date returns went up into the 12% range in April and May, but fell significantly over the past five weeks. Since releasing its fiscal year 2024 earnings on the morning of Jun. 26, shares have fallen by over 5%. Let’s look at General Mills' business lines, recent financial statements, and future outlook to contextualize this reaction and analyze its prospects going forward.</p>
<div class="lb-trans"><p>但它并非一直在横盘交易。截至 4 月和 5 月，年初至今的回报率上升至 12% 左右，但在过去五周显著下滑。自 6 月 26 日早间发布 2024 财年业绩报告以来，股价已下跌超过 5%。让我们看看通用磨坊的业务线、最近的财务报表和未来展望，以便对这一反应进行背景分析，并分析其未来前景。</p>
</div><p>Get <strong>General Mills</strong> alerts:</p>
<div class="lb-trans"><p>获取通用磨坊的警报：</p>
</div><h2><strong>General Mills’ Business Segments and Products</strong></h2>
<div class="lb-trans"><h2>通用磨坊的业务部门和产品</h2>
</div><p>General Mills lists four segments in its annual report: North America Retail, International, Pet, and North America Foodservice. The firm controls more than 100 unique brands, including Cheerios, Bisquick, and Häagen-Dazs, and operates in over 100 countries. The North America Retail segment is by far the largest, accounting for 77% of operating profit. The company's Pet segment comes in at 12%, North America Foodservice at 8%, and International at 3%.</p>
<div class="lb-trans"><p>通用磨坊在其年度报告中列出了四个部门：北美零售、国际、宠物和北美餐饮服务。该公司拥有 100 多个独特品牌，包括 Cheerios、Bisquick 和 Häagen-Dazs，并在 100 多个国家开展业务。北美零售部门是最大的部门，占 77% 的营业利润。公司的宠物部门占 12%，北美餐饮服务占 8%，国际部门占 3%。</p>
</div><p>North America Retail focuses on many food products, including ready-to-eat cereals, frozen foods, and shelf-stable vegetables. The firm’s primary customers are grocery stores and mass merchandisers. Due to the nature of its business, input costs for its products can fluctuate widely based on the prices of commodities like wheat, corn, sugar, and other agricultural products.</p>
<div class="lb-trans"><p>北美零售专注于许多食品产品，包括即食谷物、冷冻食品和常温蔬菜。该公司的主要客户是杂货店和大型零售商。由于其业务性质，其产品的成本可能会根据小麦、玉米、糖等大宗商品的价格波动而大幅波动。</p>
</div><p>The report states that while seasonality affects some product sales, overall demand remains generally balanced throughout the year.</p>
<div class="lb-trans"><p>报告指出，尽管季节性影响了部分产品销售，但整体需求在全年保持相对平衡。</p>
</div><h2><strong>General Mills' Earnings: Earning Per Share Beat, Revenue Miss, and Dividend Increase</strong></h2>
<div class="lb-trans"><h2>通用磨坊的收益：每股收益超预期，营收不及预期，股息增加</h2>
</div><p>Earnings per share (EPS) came in slightly above the consensus $0.99 estimate at $1.01. The firm missed revenue considerably, coming in at $4.71 billion versus $4.85 billion expected. Over the full year, net sales were down 1%, but adjusted operating profit grew by 4% despite this. An increase in net price realization and mix drove this. This means the company was able to charge higher prices for its products, net of any discounts provided. Although the firm sold at higher prices, lower sales volume offset this, resulting in a decrease in revenue in the end. A $241 million reduction in SG&amp;A expenses boosted adjusted operating profit.</p>
<div class="lb-trans"><p>每股收益（EPS）略高于市场预期的 0.99 美元，达到 1.01 美元。公司的营收大幅不及预期，为 47.1 亿美元，低于预期的 48.5 亿美元。全年净销售下降 1%，但调整后的营业利润增长了 4%。这是由净价格实现和产品组合推动的。这意味着公司能够对其产品收取更高的价格，减去提供的任何折扣。尽管公司以更高的价格销售，但较低的销售量抵消了这一点，最终导致收入下降。SG&amp;A 费用减少 2.41 亿美元，提振了调整后的营业利润。</p>
</div><p>Yet, on a quarterly basis, compared to Q4 2023, both revenue and adjusted operating profit showed meaningful declines. Revenue was down 6%, and adjusted operating profit was down 10%. Adjusted diluted EPS was also down 10%. A big disappointment came with the international segment. The firm reported a 68% decline in operating profit from Q4 2023. Brazil's and China's harsh environments contributed significantly to this outcome. In Brazil, customers heavily reduced inventory. In China, a downturn in consumer sentiment in the second half of the year seriously harmed sales of the firm's premium brands like Häagen Dazs.</p>
<div class="lb-trans"><p>然而，按季度计，与 2023 年第四季度相比，营收和调整后的营业利润均显著下降。营收下降 6%，调整后的营业利润下降 10%。调整后的稀释每股收益也下降 10%。国际部门带来了一个大的失望。公司报告称，与 2023 年第四季度相比，国际部门的营业利润下降了 68%。巴西和中国的恶劣环境对此结果产生了重大影响。在巴西，客户大幅减少了库存。在中国，下半年消费者情绪的下滑严重影响了公司的高端品牌（如 Häagen Dazs）的销售。</p>
</div><p>Another notable point from this release relates to the firm's dividend. The firm announced an increase in its dividend, raising its dividend yield to 3.74%. Increases like this are not uncommon, as the company’s dividend has grown by 4.5% annually over the last three years. The firm offers a solid return of capital to investors in the form of income that's more than double its industry average. The average dividend yield for Processed &amp; Packaged Goods firms sits at 1.8%.</p>
<div class="lb-trans"><p>此次发布的另一个值得注意的点与公司的股息有关。公司宣布增加股息，将股息率提高至 3.74%。这样的增长并不罕见，因为公司的股息在过去三年中以每年 4.5% 的速度增长。公司以超过行业平均水平两倍以上的资本回报形式向投资者提供稳定的收入。加工和包装产品公司的平均股息率为 1.8%。</p>
</div><h2><strong>General Mills' Fiscal 2025 Outlook: Gradual Volume Recovery and Cost Savings Expected</strong></h2>
<div class="lb-trans"><h2>通用磨坊 2025 财年展望：预计逐步恢复销量和节约成本</h2>
</div><p><strong>Overall MarketRank™****4.65 out of 5</strong></p>
<div class="lb-trans"><p><strong>整体市场排名™4.65/5</strong></p>
</div><p>Analyst Rating<strong>Hold</strong></p>
<div class="lb-trans"><p>分析师评级 <strong>持有</strong></p>
</div><p>Upside/Downside<strong>11.4% Upside</strong></p>
<div class="lb-trans"><p>上行/下行 <strong>上行 11.4%</strong></p>
</div><p>Short Interest<strong>Bearish</strong></p>
<div class="lb-trans"><p>空头头寸 <strong>看跌</strong></p>
</div><p>Dividend Strength<strong>Strong</strong></p>
<div class="lb-trans"><p>股息实力 <strong>强劲</strong></p>
</div><p>Sustainability**-3.28**</p>
<div class="lb-trans"><p>可持续性 <strong>-3.28</strong></p>
</div><p>News Sentiment**0.25</p>
<div class="lb-trans"><p>新闻情绪 <strong>0.25</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/MediaMentionsMiniChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUyZ2PTI" alt="" original-src="https://www.marketbeat.com/scripts/MediaMentionsMiniChart.ashx?Prefix=NYSE&amp;Symbol=GIS&amp;v=2"/></p>
<p>**</p>
<div class="lb-trans"><p>**</p>
</div><p>Insider Trading<strong>Selling Shares</strong></p>
<div class="lb-trans"><p>内部交易 <strong>出售股票</strong></p>
</div><p>Projected Earnings Growth<strong>7.71%</strong></p>
<div class="lb-trans"><p>预计盈利增长 <strong>7.71%</strong></p>
</div><p>See Full Details</p>
<div class="lb-trans"><p>查看完整详情</p>
</div><p>General Mills predicts that it will gradually recover from sales volume declines over fiscal 2025. It also hopes to drive continued savings in cost of goods sold (COGS) of 4% to 5%. This will be achieved through its Holistic Margin Management program (HMM), which allowed the firm to mitigate inflation in 2024. It expects this level of savings will increase margins as it sees COGS inflation being in the range of 3% to 4%.</p>
<div class="lb-trans"><p>通用磨坊预计将在 2025 财年逐步从销量下降中恢复。公司还希望通过其全面边际管理计划（HMM）继续节省销售成本（COGS）4% 至 5%。这将通过其全面边际管理计划（HMM）实现，该计划使公司得以在 2024 年抵御通货膨胀。公司预计这种节省水平将提高利润率，因为它预计 COGS 通货膨胀率在 3% 至 4% 的范围内。</p>
</div><p>But it doesn’t expect to increase earnings significantly. The guidance midpoint shows adjusted diluted EPS remaining flat over fiscal 2025. Six analysts updated their ratings after the release. Their average price target for the stock is $68. This implies a 7% upside from the Jun. 27, 2024, closing price.</p>
<div class="lb-trans"><p>但公司并不指望盈利大幅增长。指导中值显示，2025 财年调整后的稀释每股收益将保持不变。发布后，有六位分析师更新了他们的评级。他们对该股的平均目标价为 68 美元。这意味着与 2024 年 6 月 27 日收盘价相比，有 7% 的上涨空间。</p>
</div><p>→ Joe Biden Facing Political “Knockout” In Weeks? (From Banyan Hill Publishing)(Ad)</p>
<div class="lb-trans"><p>→ 乔·拜登在数周内面临政治 “击倒”？（来自 Banyan Hill Publishing）（广告）</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD04NTk3" alt="" original-src="https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx?TriggeredCampaignID=8597&amp;Placement=NativeDisplay&amp;Source=NativeDisplay"/></p>
<h2>Should you invest $1,000 in General Mills right now?</h2>
<div class="lb-trans"><h2>现在是否值得投资 1000 美元购买通用磨坊？</h2>
</div><p>Before you consider General Mills, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑通用磨坊之前，您可能想听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Mills wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街评级最高、表现最佳的研究分析师以及他们向客户推荐的股票。MarketBeat 已确定了五只顶级分析师悄悄告诉客户在更广泛市场注意之前购买的股票...通用磨坊不在名单上。</p>
</div><p>While General Mills currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>尽管通用磨坊目前在分析师中有 “持有” 评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

通用磨坊股票在 2024 财年第四季度收入未达预期后下跌