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Recent Articles
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General Mills' Organic Performance Reveals Underlying Weakness
Jun 26, 2024
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Image Source: General Mills.
On June 26, General Mills reported mixed fourth-quarter fiscal 2024 results that showed weakness on the top line, but a modest beat relative to the consensus forecast on the bottom line. Looking to 2025, General Mills’ organic sales are expected to be flat to up 1%, a target that is achievable, but one that may prove optimistic given trends in the fiscal fourth quarter of 2024. Free cash flow conversion is expected to remain robust at more than 95% of adjusted after-tax earnings. Shares yield 3.5% at the time of this writing.
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FedEx’s Cost Initiatives Drive Strong Fiscal 2025 Guidance
Jun 26, 2024
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Image Source: FedEx.
On June 25, FedEx reported better than expected fourth quarter results for fiscal 2024. The company continues to focus on becoming more efficient, closing facilities as well as retiring inefficient aircraft. Shares yield ~2.1% at the time of this writing.
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Latest Report Updates
Jun 25, 2024
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Check out the latest report updates on the website.
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Carnival Corp. Experiencing Strong Demand Trends
Jun 25, 2024
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Image: Carnival Corp.’s shares have bounced from its 2022 lows, but the company has yet to return to new highs, despite strong bookings demand.
On June 25, Carnival Corp. reported better-than-expected second quarter results for fiscal 2024. The company is experiencing strong bookings momentum and generated record booking volumes for 2025 sailings. The strong demand is facilitating higher prices (in constant currency) for orders taken during 2024 and its most recently completed second quarter, in particular.
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