General Mills is a Little Soggy After Earnings | GIS Stock

General Mills (GIS) is a little soggy after the company reported Q2 earnings. The consumer packaged goods giant, which owns brands such as Cheerios, Blue Buffalo, Annie's, Progresso soups, and Pillsbury, missed analyst expectations for EPS while posting slight revenue upside. Investors go into safe-haven stocks like consumer packaged goods when the market takes a downturn and that marks General Mills as a defensive stock. Put that in your back pocket for now as it may become handy information in the future.

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