GIS will report quarterly earnings a week from today (Wednesday, March 18).What do you all think? Are you bullish or bearish? Beat or miss? Reasons...
Bullish... I have a friends wife that works at company and everything looks good. People are eating home more. Generics won't hurt this quarter. Maybe future if we go into a depression but right now people are enjoying at least better food.
I really think that Progresso (GIS brand) is taking a bite out of CPB.After a long winter...having a soup brand with good market share can never hurt earnings.Long GIS.
Thanks for the reply! I'm originally from MN so I'd like to pick up GIS and MMM when I feel like they've bottomed. (May have missed the boat on MMM...)I made a pitch on Motley Fool...people will trade down on SBUX (brew it at home), people will trade down on MCD (greasy trash)...but it will take a lot for people to trade down to imposter-Cheerios.Long GIS.