Latest news with #GIS
Time of India
12 hours ago
- Business
- Time of India
PMC revises house tax based on GIS survey
1 2 Prayagraj: Thousands of house owners in the city who sought relief from increased house tax after a recent GIS survey found themselves disappointed. After the Municipal Corporation revised house tax based on the updated survey, 2,32,000 house owners received notices of tax revision. Of these, 94,000 owners applied for relief by submitting self-tax forms, hoping to reduce their tax burden by declaring the area of their buildings. However, the relief was short-lived for many. The Municipal Corporation randomly verified the data provided in 10% of these self-tax forms, and the physical verification revealed a striking discrepancy as 90% of the submitted forms contained inaccurate data about building areas, which amounts to around 10,500 buildings. Out of the 10,500 buildings checked, around 9,500 were found to have under-reported their building area, invalidating the self-tax forms submitted by those owners. As a result, the Municipal Corporation issued revised house tax bills, often including arrears for previous years along with the current financial year's dues. "The revision process is fair. If the actual area is found to be more, the tax will be adjusted accordingly," said chief tax assessment officer of the Municipal Corporation, PK Mishra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Efficient Cleaning for Compliant Warehouses SearchMore Learn More Undo He also mentioned that there is a provision to verify up to 10% of self-tax forms, emphasizing the importance of accurate declarations by the property owners. Moreover, the Municipal Corporation is considering revising water and sewer bills for those who have under-reported building areas, potentially increasing their overall charges. This development has left many house owners frustrated, highlighting the challenges in implementing GIS-based property tax assessments and the need for transparency and accuracy in tax declarations.
Business Insider
a day ago
- Business
- Business Insider
General Mills (GIS) Slashes Revenue Forecast as Trump Tariffs Squeeze Margins
Of late, General Mills (GIS) can't catch a break. Despite this week's fiscal fourth quarter 2025 earnings report featuring a beat on earnings per share (EPS), its stock dropped due to concerns over the company's strategic reinvestments and the growing impact of U.S. trade policies. Indeed, the consumer food company expects flat-to-negative organic sales and a drop in adjusted operating profit for the upcoming fiscal year. As price data shows, investors have reacted negatively to this week's earnings news, causing GIS stock to decline by almost 6%. Confident Investing Starts Here: I believe that investors have every right to feel uneasy due to a combination of internal (volume loss in its key market) and external (Trump's tariffs) threats, making me cautiously Neutral on GIS stock. General Mills' Latest Financials In its fiscal fourth quarter, General Mills reported earnings per share of $0.74, surpassing analyst expectations of $0.71, while revenue met forecasts at $4.6 billion, a 3% year-over-year decline. Despite the earnings beat, shares of General Mills have declined and are now trading near 52-week lows. This reaction reflects a broader market trend: investor attention is typically more focused on forward-looking guidance than on backward-looking results, which is reasonable given that future performance carries more weight in valuation models. In that context, General Mills' cautious outlook for fiscal year 2026 has unsettled investors. The company expects organic sales growth to remain flat, with a range of -1% to 1%. However, the more significant concern was its guidance for adjusted operating profit, which is projected to decline by 10% to 15% in constant currency from the fiscal 2025 baseline of $3.4 billion. This anticipated drop is a result of a combination of internal and external challenges. Some of these pressures were already evident in the latest quarter. As TipRanks data shows, in its largest segment—North American Retail—net sales declined by 3%, despite volume remaining flat, indicating underlying pricing or mix issues that may persist. This dynamic signals a deliberate reduction in the average price per unit and aligns with the company's strategic focus on 'returning to volume growth.' However, slashing prices doesn't always translate into higher sales volumes, particularly when underlying brand challenges remain. To address this, General Mills is ramping up its advertising investments, a strategy that will likely support the company's upcoming expansion into the fresh pet food category under its Blue Buffalo brand. Trump Tariffs Stir Trouble for General Mills Increased Selling, General, & Administrative (SG&A) costs aren't alone to blame for General Mills' profitability woes. Donald Trump's infamous tariffs continue to be a significant external operating headwind for General Mills. In fact, much of the 10% to 15% operating profit can be associated with tariffs, given that many ingredients and packaging materials are imported from China, Canada, and Mexico. General Mills' Mitigation Strategy Founded in 1928, General Mills is well-equipped to navigate challenging environments and has several strategies in place to help manage current headwinds. One key initiative is its 'Holistic Margin Management' program, which targets cost savings of 4%–5% as a percentage of cost of goods sold (COGS). This effort could yield up to $100 million in savings by fiscal year 2026, helping to offset inflationary pressures on input costs. The company is also shifting focus toward higher-margin, higher-growth categories. A notable move in this direction is the recent divestiture of its yogurt brands, including Yoplait and Go-Gurt, to Lactalis and Sodiaal for $2.1 billion—a clear example of strategic portfolio realignment. This transaction not only simplifies operations but also provides additional capital to reinvest in innovation and brand development. As a result, the coming year is expected to emphasize product innovation and brand building, although these efforts may weigh on short-term profit margins. According to TipRanks data, GIS maintains a profit margin of ~13%. From a valuation perspective, General Mills' stock appears reasonably priced, trading at a forward P/E of 12.74 —approximately 32% below the Consumer Staples sector average. For comparison, The Hershey Company (HSY) trades at a P/E of 30.27, supported by more substantial EBITDA margins of 25.84% versus General Mills' 19.91%. Is GIS Stock Worth Buying? On Wall Street, General Mills carries a Hold consensus rating based on two Buy, nine Hold, and two Sell ratings over the past three months. GIS' average price target of $56 implies an 11% upside potential over the next twelve months. Earlier this month, Morgan Stanley analyst Megan Alexander assigned a Sell rating to GIS stock with a price target of $51. The analyst expressed caution due to the company's 'decelerating scanner data trends' and a 'decline in retail takeaway.' She also expects a 'high single-digit percentage decline in earnings per share (…), driven by several headwinds, including profit dilution from the yogurt divestiture, operating profit headwinds from resetting incentive compensation, and potential cost inflation impacts.' On the other side of the aisle, Bank of America Securities analyst Peter Galbo is more bullish on General Mills, issuing a Buy rating on its stock with a price target of $63. He highlighted operational improvements, including improved gross margins, and believes the company's guidance for FY26, which calls for a decline in operating profit and EPS, is 'manageable.' General Mills Faces Tough Choices with Strong Brands In conclusion, General Mills' strategy of prioritizing volume growth over near-term profitability has drawn mixed reactions, and with good reason. The company operates in a mature, highly competitive market, faces flat growth, and has limited flexibility in terms of margins. While its planned entry into the fresh pet food category is an encouraging step toward diversification, it's still unclear when—or if—the necessary investments to build and scale that brand will yield meaningful returns. Ultimately, this situation underscores a broader reality: even a legacy player like General Mills cannot rely solely on established brands. Continued relevance in the food industry requires ongoing innovation and investment. For income-focused investors, t he stock does offer a compelling 4.49% dividend yield. However, this alone may not justify the risk, particularly given that 10-Year Treasury Notes are offering comparable yields with far less volatility. At this point, General Mills' products may be more appealing on store shelves than its shares are in a portfolio.
Hans India
2 days ago
- Science
- Hans India
Workshop held at SKLTHU on free, open-source software on horticulture
Hyderabad: Sri Konda Laxman Telangana Horticultural University (SKLTHU) Vice Chancellor, Dr Danda Raji Reddy, said that it is time to explore IT and ICT Remote Sensing and GIS avenues in Horticulture for students. The Horticultural University is exploring opportunities for collaborative research and student-centric internships, particularly in the Open Source Geographical Information Systems (GIS) domain, the Vice Chancellor added. He said it at a workshop on free and open-source software for horticulture conducted for the students of Sri Konda Laxman Telangana Horticultural University (SKLTHU) in Rajendranagar on Thursday. This was followed by a Faculty Development Program focusing on advanced applications of free and open-source geospatial software for horticulture. Dr Mohamed Kasim Khan, National Coordinator - FOSSEE GIS (NMEICT (National Mission on Education through Information and Communication Technology), IIT Bombay, gave the keynote lecture with updates on the avenues available. He outlined action steps, the structure of internships for students, training opportunities for faculty, and collaboration between academia and industry. He emphasized the use of open-source software for horticultural research and resource mapping. The FOSSEE GIS project, IIT Bombay, is offering a unique remote internship activity for deserving students and thematic sessions for faculty, he added. Dr. Veeranjaneyulu, a University Consultant, gave an overview of ICT applications for education. He opined that better career opportunities are possible for graduates with a Horticulture base coupled with software-based ICTs for students. Dr. P. Prasanth, Associate Dean of the College of Horticulture, Rajendranagar, stated that facilities are provided for students in all frontier technologies. On this occasion, Dr Khan revealed that the jury has adjudged Sri Konda Laxman Telangana Horticultural University under the 'Aspiring University' category in the National Geospatial Awards, a ceremony scheduled for 17 July 2025. SKLTGHU shall also be onboarded as a knowledge partner in the upcoming National Geospatial Horticulture Hackathon. Dr. Pidigam Saidaiah, Associate Dean of the College of Horticulture, Mojerla, Dr. M. Srinivas, Ashwin, professors, and students participated in the workshop.
Globe and Mail
2 days ago
- Business
- Globe and Mail
GIS Earnings: General Mills Stock Slips on Mixed Q4 Results and Lackluster Guidance
General Mills (GIS) stock slipped on Wednesday following the release of its Fiscal Q4 2025 earnings report. The bad news came from its revenue of $4.56 billion, which missed Wall Street's estimate of $4.59 billion. It was also down 3% year-over-year from $4.71 billion. This was 'driven by lower pound volume and unfavorable net price realization and mix.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The revenue miss came despite General Mills' adjusted earnings per share of 74 cents, which was above analysts' estimate of 71 cents. Even so, investors weren't pleased that the company's adjusted EPS dropped 27% year-over-year from $1.10. General Mills also reported Fiscal 2025 adjusted EPS of $4.21 alongside revenue of $19.49 billion. For comparison, Wall Street expected adjusted EPS of $4.18 on revenue of $19.5 billion. Investors will also note that 2025 adjusted EPS and revenue were down 7% and 2% compared to Fiscal 2024. General Mills Fiscal 2026 Outlook Investors also weren't happy about General Mills' outlook for its next fiscal year. The company expects adjusted EPS for the period to drop 10% to 15% year-over-year. It also estimates that organic net sales will come in between a 1% decrease and a 1% increase. The latest General Mills earnings didn't help GIS stock today. Shares were down 2.45% this morning, extending the company's 14.53% drop year-to-date. GIS stock was also down 16.77% over the past 12 months. Is General Mills Stock a Buy, Sell, or Hold? Turning to Wall Street, the analysts' consensus rating for General Mills is Hold, based on one Buy, 10 Hold, and two Sell ratings over the past three months. With that comes an average GIS stock price target of $56.62, representing a potential 6.01% upside for the shares. These ratings and price targets will likely change as analysts update their coverage of the company after its earnings report. See more GIS stock analyst ratings Disclaimer & Disclosure Report an Issue
Yahoo
3 days ago
- Business
- Yahoo
GIS Q4 Earnings Beat Estimates, Sales Decline on Volume Pressure
General Mills, Inc. GIS reported fourth-quarter fiscal 2025 results, wherein the bottom line surpassed the Zacks Consensus Estimate and the top line missed the same. Both earnings and net sales declined year over year, reflecting weaker performance. The company's efforts to deliver greater consumer value in late fiscal 2025 paid off, with improved volume and share trends in the quarter. Building on that momentum, the company plans to sharpen its focus on innovation and marketing in fiscal 2026, supported by cost-saving initiatives and a global transformation strategy. A major product expansion is also slated, including Blue Buffalo's entry into the fresh pet food space later in the Mills posted adjusted earnings of 74 cents per share, which beat the Zacks Consensus Estimate of 71 cents. The bottom line declined 27% year over year on a constant-currency (cc) basis, attributed to reduced adjusted operating profit. However, the impact was partially offset by reduced net shares outstanding. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) General Mills, Inc. price-consensus-eps-surprise-chart | General Mills, Inc. Quote Net sales dropped 3% to $4,556.2 million, impacted by reduced pound volume and unfavorable net price realization and mix. Organic net sales also saw a 3% decline, including a 2-point headwind from unfavorable trade expense timing. Organic pound volume was in line with last year. The top line missed the Zacks Consensus Estimate of $4,604 million. The adjusted gross margin declined 220 basis points (bps), reaching 32.7% of net sales, mainly due to input cost inflation and unfavorable net price realization and mix. Moreover, the timing of trade expenses created a 150-bps headwind during the quarter. We expected a gross margin contraction of 320 Mills' adjusted operating profit dropped 22% in constant currency, impacted by reduced adjusted gross profit dollars and increased adjusted selling, general and administrative (SG&A) expenses. The adjusted operating profit margin was down 330 bps, reaching 13.7%, with unfavorable trade expense timing accounting for a 190 bps headwind during the quarter. We expected an adjusted operating margin of 12.9% for the quarter. North America Retail: Revenues in the segment were $2,559.8 million, down 10% year over year. The decrease was due to reduced pound volume and unfavorable net price realization and mix. The Canada yogurt divestiture contributed to a 3% reduction in net sales. Organic net sales declined 7%. Segment operating profit fell 29% to $473.8 million, mainly owing to unfavorable net price realization and mix, input cost inflation and reduced volume. HMM cost savings offered some respite. However, unfavorable trade expense timing represented a 17-point headwind to operating profit growth in the Revenues in the segment were $738.9 million, up 11% year over year, including a 4-point boost from the Edgard & Cooper acquisition and a 2-point headwind from unfavorable foreign currency exchange. Organic net sales up 9%, thanks to strong growth in Brazil and distributor markets. Segment operating profit increased 50% to $33.7 America Pet: Revenues rose 12% year over year to $675.2 million, including a 9-point contribution from the acquisition of North America's Whitebridge Pet Brands. Organic net sales grew 3%, outperforming all-channel retail sales by roughly 3 points, mainly due to increased retailer inventory ahead of first-quarter activations. Segment operating profit declined 3% to $140.1 million, impacted by higher input costs and a double-digit increase in media investment, partially offset by favorable pricing and mix, as well as increased America Foodservice: Revenues were $579.4 million, which decreased 2% with organic net sales down 1%. Decline was due to softness in bakery flour and bread. Segment operating profit grew 5% to $83.1 million, supported by HMM cost savings, though input cost inflation posed challenges. General Mills ended the quarter with cash and cash equivalents of $363.9 million, long-term debt of $12,673.2 million and total stockholders' equity (excluding noncontrolling interests) of $9,199.2 generated $2,918.2 million in cash from operating activities in fiscal 2025. Capital investments amounted to $625.3 million during the same period. The company paid out dividends worth $1.3 billion and bought nearly 19 million shares for $1.2 billion in fiscal company has declared a quarterly dividend of 61 cents per share, payable on Aug. 1, 2025, to its shareholders of record as of July 10. This represents a 2% increase from the prior-quarter dividend of 60 cents per sales from the joint venture of Cereal Partners Worldwide inched down 6% in the fiscal fourth quarter. For Haagen-Dazs Japan, sales jumped 1% year over year at cc. General Mills' top priority for fiscal 2026 is to revive volume-driven organic sales growth amid a challenging consumer environment. The company plans increased investment in value, innovation and brand building, including launching Blue Buffalo in the U.S. fresh pet food segment. Still, these growth efforts, along with input cost inflation and tariffs, are expected to exceed savings initiatives. Additionally, yogurt divestitures and the Whitebridge Pet acquisition are projected to reduce adjusted operating profit growth by about 5 company has provided its full-year fiscal 2026 outlook. Organic net sales are projected to range from a 1% decline to a 1% increase, while adjusted operating profit and adjusted earnings per share (EPS) are expected to decline 10% to 15% in constant currency. Free cash flow conversion is anticipated to be at least 95% of adjusted after-tax Zacks Rank #4 (Sell) company's shares have lost 14.2% in the past three months compared with the industry's decline of 3.4%. Image Source: Zacks Investment Research BRF S.A. BRFS raises, produces and slaughters poultry and pork for the processing, production and sale of fresh meat, processed products, pasta, margarine, pet food and other products. It currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for BRF S.A.'s current fiscal-year earnings implies growth of 27.8% from the prior-year levels. BRFS delivered a trailing four-quarter earnings surprise of 5.4%, on International MDLZ manufactures, markets and sells snack food and beverage products. It presently has a Zacks Rank of 2. MDLZ delivered a trailing four-quarter earnings surprise of 9.8%, on consensus estimate for Mondelez's current fiscal-year sales implies growth of 5.3% from the year-ago Group AB OTLY, an oatmilk company, provides a range of plant-based dairy products made from oats. It presently has a Zacks Rank of 2. OTLY delivered a trailing four-quarter earnings surprise of 25.1%, on consensus estimate for Oatly Group's current fiscal-year sales and earnings implies growth of 2.3% and 63.8%, respectively, from the year-ago figures. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Mills, Inc. (GIS) : Free Stock Analysis Report BRF S.A. (BRFS) : Free Stock Analysis Report Mondelez International, Inc. (MDLZ) : Free Stock Analysis Report Oatly Group AB Sponsored ADR (OTLY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
