What to Expect From General Mills’ Upcoming Q2 Report?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/GIS'>General Mills, Inc. (NYSE:GIS)</a> ahead of the upcoming Q2 earnings report. </p>
<p>The analysts expect strong pricing to continue offsetting comparatively mild volume softness. Margins will likely be impacted by seasonality of the quarter, weighted towards the company’s heavier products (soups, baking mixes), promotions, and higher one-time costs in Pet as the company adds more capacity. The analysts expect adjusted EPS of $1.06 (in line with the Street estimate), though they are ahead on organic growth. </p>
<p>The analysts expect the company to be able to raise its outlook. They do not expect any meaningful changes to the company's inflation outlook despite some commodity costs lowering in the spot markets. The analysts expect intermediary costs as well as the general lag in supply chain to keep costs high for the company and other food manufacturers.</p>

NYSE:GIS