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General Mills Inc Q1 2024 Earnings Call Summary

Published Sep 20, 2023

12 pages (7093 words) — Published Sep 20, 2023

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Abstract:

Edited Brief of GIS.N earnings conference call or presentation 20-Sep-23 1:00pm GMT

Brief Excerpt:

...A. So if you look at private label on shelf availability in categories like grain and RPG, it's up 10 points year-over-year. B. So you're correct in noting Rob, that we were up double digits in the first quarter on our media spend. C. I would expect for the balance of the year based on everything we see right now, we would expect our media spend to grow at least in line with sales in this environment. D. And that we will look to add about 50 basis points of growth if we can through both positions and divestitures. E. As a reminder, $44 billion category. F. It's supported by a 1% to 1.5% pet population growth....

Report Type:

Brief

Source:

Thomson StreetEvents

Company:

General Mills Inc

Ticker

GIS.N

Time

1:00pm GMT

Format:

PDF

The following is excerpted from the question-and-answer section of the transcript. (Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session) Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : As the industry starts to return to quality merchandising and with your own displays were up mid-single digits, we're hearing that the lift associated with some of these events, especially endcap displays, aren't proving to be as incremental as might have been anticipated. We're wondering if you're seeing this dynamic and also what you think is driving it?

The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : As the industry starts to return to quality merchandising and with your own displays were up mid-single digits, we're hearing that the lift associated with some of these events, especially endcap displays, aren't proving to be as incremental as might have been anticipated. We're wondering if you're seeing this dynamic and also what you think is driving it?

General Mills Inc Q3 2024 Earnings Call - Pre-Recorded Management Remarks Summary – 2024-03-20 – US$ 54.00 – Edited Brief of GIS.N earnings conference call or presentation 20-Mar-24 10:59am GMT

General Mills Inc Q3 2024 Earnings Call Transcript – 2024-03-20 – US$ 54.00 – Edited Transcript of GIS.N earnings conference call or presentation 20-Mar-24 1:00pm GMT

General Mills Inc Q1 2024 Earnings Call - Pre-Recorded Management Remarks Summary – 2023-09-20 – US$ 54.00 – Edited Brief of GIS.N earnings conference call or presentation 20-Sep-23 10:59am GMT

General Mills Inc Q1 2024 Earnings Call - Pre-Recorded Management Remarks Transcript – 2023-09-20 – US$ 54.00 – Edited Transcript of GIS.N earnings conference call or presentation 20-Sep-23 10:59am GMT

General Mills Inc Q1 2024 Earnings Call Transcript – 2023-09-20 – US$ 54.00 – Edited Transcript of GIS.N earnings conference call or presentation 20-Sep-23 1:00pm GMT

General Mills Inc at Barclays Global Consumer Staples Conference Summary – 2023-09-06 – US$ 54.00 – Edited Brief of GIS.N presentation 6-Sep-23 5:30pm GMT

General Mills Inc at Barclays Global Consumer Staples Conference Transcript – 2023-09-06 – US$ 54.00 – Edited Transcript of GIS.N presentation 6-Sep-23 5:30pm GMT

General Mills Inc Q4 2023 Earnings Call Summary – 2023-06-28 – US$ 54.00 – Edited Brief of GIS.N earnings conference call or presentation 28-Jun-23 1:00pm GMT

General Mills Inc Q4 2023 Earnings Call - Pre-Recorded Management Remarks Summary – 2023-06-28 – US$ 54.00 – Edited Brief of GIS.N earnings conference call or presentation 28-Jun-23 11:30am GMT

General Mills Inc Q4 2023 Earnings Call Transcript – 2023-06-28 – US$ 54.00 – Edited Transcript of GIS.N earnings conference call or presentation 28-Jun-23 1:00pm GMT

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MLA:	Thomson StreetEvents. "General Mills Inc Q1 2024 Earnings Call Summary" Sep 20, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-General-Mills-Inc-Earnings-Call-B15712447>

APA:	Thomson StreetEvents. (2023). General Mills Inc Q1 2024 Earnings Call Summary Sep 20, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-General-Mills-Inc-Earnings-Call-B15712447>

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General Mills Inc Q1 2024 Earnings Call Summary

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