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General Mills Q4 Preview: Will Pet Food, Dye-Free Push Win Over Investors?

Food company General Mills Inc. (NYSE:GIS) will likely highlight its recent news of eliminating food dyes in its products in future years when the company reports fourth-quarter financial results before the market opens on Wednesday.

Here's a look at analyst estimates, what analysts are saying ahead of the report, and the key items to watch.

Earnings Estimates: Analysts expect General Mills to report fourth-quarter revenue of $4.59 billion, down from $4.85 billion in last year's fourth quarter, according to data from Benzinga Pro.

The company missed analyst estimates for revenue in the third quarter, but has beaten the estimate in six of the last 10 quarters overall.

Analysts expect General Mills to report fourth-quarter earnings per share of 71 cents, down from $1.01 in last year's fourth quarter. The company has beaten analyst estimates for earnings per share in more than 10 straight quarters.

Read Also: FDA Targets Synthetic Food Dyes In Sweeping Nutrition Overhaul

What Analysts Are Saying: Weakness in consumer packaged food could be offset by the company's pet food division, Goldman Sachs analyst Bonnie Herzog said in a March note.

The analyst said the global premium pet food market is expected to grow around 5% through 2030, thanks to volume and pricing growth.

Herzog reiterated a ...