<p>通用磨坊（General Mills）屬於消費類必需品行業，是美國排名前十的最大食品和飲料公司之一。2024 年，股價基本與年初持平，全年總回報略低於 0%。</p>
<p>但它並非一直在橫盤交易。截至 4 月和 5 月，年初至今的回報率上升至 12% 左右，但在過去五週顯著下滑。自 6 月 26 日早間發佈 2024 財年業績報告以來，股價已下跌超過 5%。讓我們看看通用磨坊的業務線、最近的財務報表和未來展望，以便對這一反應進行背景分析，並分析其未來前景。</p>
<p>獲取通用磨坊的警報：</p>
<h2>通用磨坊的業務部門和產品</h2>
<p>通用磨坊在其年度報告中列出了四個部門：北美零售、國際、寵物和北美餐飲服務。該公司擁有 100 多個獨特品牌，包括 Cheerios、Bisquick 和 Häagen-Dazs，並在 100 多個國家開展業務。北美零售部門是最大的部門，佔 77% 的營業利潤。公司的寵物部門佔 12%，北美餐飲服務佔 8%，國際部門佔 3%。</p>
<p>北美零售專注於許多食品產品，包括即食穀物、冷凍食品和常温蔬菜。該公司的主要客户是雜貨店和大型零售商。由於其業務性質，其產品的成本可能會根據小麥、玉米、糖等大宗商品的價格波動而大幅波動。</p>
<p>報告指出，儘管季節性影響了部分產品銷售，但整體需求在全年保持相對平衡。</p>
<h2>通用磨坊的收益：每股收益超預期，營收不及預期，股息增加</h2>
<p>每股收益（EPS）略高於市場預期的 0.99 美元，達到 1.01 美元。公司的營收大幅不及預期，為 47.1 億美元，低於預期的 48.5 億美元。全年淨銷售下降 1%，但調整後的營業利潤增長了 4%。這是由淨價格實現和產品組合推動的。這意味着公司能夠對其產品收取更高的價格，減去提供的任何折扣。儘管公司以更高的價格銷售，但較低的銷售量抵消了這一點，最終導致收入下降。SG&amp;A 費用減少 2.41 億美元，提振了調整後的營業利潤。</p>
<p>然而，按季度計，與 2023 年第四季度相比，營收和調整後的營業利潤均顯著下降。營收下降 6%，調整後的營業利潤下降 10%。調整後的稀釋每股收益也下降 10%。國際部門帶來了一個大的失望。公司報告稱，與 2023 年第四季度相比，國際部門的營業利潤下降了 68%。巴西和中國的惡劣環境對此結果產生了重大影響。在巴西，客户大幅減少了庫存。在中國，下半年消費者情緒的下滑嚴重影響了公司的高端品牌（如 Häagen Dazs）的銷售。</p>
<p>此次發佈的另一個值得注意的點與公司的股息有關。公司宣佈增加股息，將股息率提高至 3.74%。這樣的增長並不罕見，因為公司的股息在過去三年中以每年 4.5% 的速度增長。公司以超過行業平均水平兩倍以上的資本回報形式向投資者提供穩定的收入。加工和包裝產品公司的平均股息率為 1.8%。</p>
<h2>通用磨坊 2025 財年展望：預計逐步恢復銷量和節約成本</h2>
<p><strong>整體市場排名™4.65/5</strong></p>
<p>分析師評級 <strong>持有</strong></p>
<p>上行/下行 <strong>上行 11.4%</strong></p>
<p>空頭頭寸 <strong>看跌</strong></p>
<p>股息實力 <strong>強勁</strong></p>
<p>可持續性 <strong>-3.28</strong></p>
<p>新聞情緒 <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>內部交易 <strong>出售股票</strong></p>
<p>預計盈利增長 <strong>7.71%</strong></p>
<p>查看完整詳情</p>
<p>通用磨坊預計將在 2025 財年逐步從銷量下降中恢復。公司還希望通過其全面邊際管理計劃（HMM）繼續節省銷售成本（COGS）4% 至 5%。這將通過其全面邊際管理計劃（HMM）實現，該計劃使公司得以在 2024 年抵禦通貨膨脹。公司預計這種節省水平將提高利潤率，因為它預計 COGS 通貨膨脹率在 3% 至 4% 的範圍內。</p>
<p>但公司並不指望盈利大幅增長。指導中值顯示，2025 財年調整後的稀釋每股收益將保持不變。發佈後，有六位分析師更新了他們的評級。他們對該股的平均目標價為 68 美元。這意味着與 2024 年 6 月 27 日收盤價相比，有 7% 的上漲空間。</p>
<p>→ 喬·拜登在數週內面臨政治 “擊倒”？（來自 Banyan Hill Publishing）（廣告）</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>現在是否值得投資 1000 美元購買通用磨坊？</h2>
<p>在考慮通用磨坊之前，您可能想聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們向客户推薦的股票。MarketBeat 已確定了五隻頂級分析師悄悄告訴客户在更廣泛市場注意之前購買的股票...通用磨坊不在名單上。</p>
<p>儘管通用磨坊目前在分析師中有 “持有” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票</p>

通用磨坊

<p>通用磨坊股票因 2024 財年第四季營收不及預期而下跌。該公司在每股收益方面表現優異，並提高了股息。股價下跌。通用磨坊的北美零售業務部門佔營業利潤的 77%。該公司的國際業務部門由於巴西和中國市場的挑戰，經歷了營業利潤的顯著下降。通用磨坊預測在 2025 財年逐漸恢復銷量並實現成本節約。分析師對該股票的平均目標價為 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）屬於消費類必需品行業，是美國排名前十的最大食品和飲料公司之一。2024 年，股價基本與年初持平，全年總回報略低於 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>但它並非一直在橫盤交易。截至 4 月和 5 月，年初至今的回報率上升至 12% 左右，但在過去五週顯著下滑。自 6 月 26 日早間發佈 2024 財年業績報告以來，股價已下跌超過 5%。讓我們看看通用磨坊的業務線、最近的財務報表和未來展望，以便對這一反應進行背景分析，並分析其未來前景。</p>
</div><p>Get <strong>General Mills</strong> alerts:</p>
<div class="lb-trans"><p>獲取通用磨坊的警報：</p>
</div><h2><strong>General Mills’ Business Segments and Products</strong></h2>
<div class="lb-trans"><h2>通用磨坊的業務部門和產品</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>通用磨坊在其年度報告中列出了四個部門：北美零售、國際、寵物和北美餐飲服務。該公司擁有 100 多個獨特品牌，包括 Cheerios、Bisquick 和 Häagen-Dazs，並在 100 多個國家開展業務。北美零售部門是最大的部門，佔 77% 的營業利潤。公司的寵物部門佔 12%，北美餐飲服務佔 8%，國際部門佔 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>北美零售專注於許多食品產品，包括即食穀物、冷凍食品和常温蔬菜。該公司的主要客户是雜貨店和大型零售商。由於其業務性質，其產品的成本可能會根據小麥、玉米、糖等大宗商品的價格波動而大幅波動。</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>報告指出，儘管季節性影響了部分產品銷售，但整體需求在全年保持相對平衡。</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：每股收益超預期，營收不及預期，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）略高於市場預期的 0.99 美元，達到 1.01 美元。公司的營收大幅不及預期，為 47.1 億美元，低於預期的 48.5 億美元。全年淨銷售下降 1%，但調整後的營業利潤增長了 4%。這是由淨價格實現和產品組合推動的。這意味着公司能夠對其產品收取更高的價格，減去提供的任何折扣。儘管公司以更高的價格銷售，但較低的銷售量抵消了這一點，最終導致收入下降。SG&amp;A 費用減少 2.41 億美元，提振了調整後的營業利潤。</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，按季度計，與 2023 年第四季度相比，營收和調整後的營業利潤均顯著下降。營收下降 6%，調整後的營業利潤下降 10%。調整後的稀釋每股收益也下降 10%。國際部門帶來了一個大的失望。公司報告稱，與 2023 年第四季度相比，國際部門的營業利潤下降了 68%。巴西和中國的惡劣環境對此結果產生了重大影響。在巴西，客户大幅減少了庫存。在中國，下半年消費者情緒的下滑嚴重影響了公司的高端品牌（如 Häagen Dazs）的銷售。</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>此次發佈的另一個值得注意的點與公司的股息有關。公司宣佈增加股息，將股息率提高至 3.74%。這樣的增長並不罕見，因為公司的股息在過去三年中以每年 4.5% 的速度增長。公司以超過行業平均水平兩倍以上的資本回報形式向投資者提供穩定的收入。加工和包裝產品公司的平均股息率為 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 財年展望：預計逐步恢復銷量和節約成本</h2>
</div><p><strong>Overall MarketRank™****4.65 out of 5</strong></p>
<div class="lb-trans"><p><strong>整體市場排名™4.65/5</strong></p>
</div><p>Analyst Rating<strong>Hold</strong></p>
<div class="lb-trans"><p>分析師評級 <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>空頭頭寸 <strong>看跌</strong></p>
</div><p>Dividend Strength<strong>Strong</strong></p>
<div class="lb-trans"><p>股息實力 <strong>強勁</strong></p>
</div><p>Sustainability**-3.28**</p>
<div class="lb-trans"><p>可持續性 <strong>-3.28</strong></p>
</div><p>News Sentiment**0.25</p>
<div class="lb-trans"><p>新聞情緒 <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>內部交易 <strong>出售股票</strong></p>
</div><p>Projected Earnings Growth<strong>7.71%</strong></p>
<div class="lb-trans"><p>預計盈利增長 <strong>7.71%</strong></p>
</div><p>See Full Details</p>
<div class="lb-trans"><p>查看完整詳情</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>通用磨坊預計將在 2025 財年逐步從銷量下降中恢復。公司還希望通過其全面邊際管理計劃（HMM）繼續節省銷售成本（COGS）4% 至 5%。這將通過其全面邊際管理計劃（HMM）實現，該計劃使公司得以在 2024 年抵禦通貨膨脹。公司預計這種節省水平將提高利潤率，因為它預計 COGS 通貨膨脹率在 3% 至 4% 的範圍內。</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>但公司並不指望盈利大幅增長。指導中值顯示，2025 財年調整後的稀釋每股收益將保持不變。發佈後，有六位分析師更新了他們的評級。他們對該股的平均目標價為 68 美元。這意味着與 2024 年 6 月 27 日收盤價相比，有 7% 的上漲空間。</p>
</div><p>→ Joe Biden Facing Political “Knockout” In Weeks? (From Banyan Hill Publishing)(Ad)</p>
<div class="lb-trans"><p>→ 喬·拜登在數週內面臨政治 “擊倒”？（來自 Banyan Hill Publishing）（廣告）</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>現在是否值得投資 1000 美元購買通用磨坊？</h2>
</div><p>Before you consider General Mills, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮通用磨坊之前，您可能想聽聽這個。</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 每天跟蹤華爾街評級最高、表現最佳的研究分析師以及他們向客户推薦的股票。MarketBeat 已確定了五隻頂級分析師悄悄告訴客户在更廣泛市場注意之前購買的股票...通用磨坊不在名單上。</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>儘管通用磨坊目前在分析師中有 “持有” 評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票</p>
</div>

通用磨坊股票在 2024 財年第四季度收入未達預期後下跌