Diamonds and Dogs


General Mills (GIS) higher by 4% following strong earnings. General Mills easily beat estimates as sales rose 8% year over year. The company will also hike their dividend by 6% as supply chain disruptions continue to slowly moderate. Unfortunately, due in part to the war in Ukraine, food and crop inflation could push up costs by 14% next year.

Bed Bath and Beyond (BBBY) has seen better days. The retailer is down 21% following a big earnings miss. The CEO will step down appointing a director as interim CEO. The company will slash expenses, provide sales and clearance items to reduce inventory to align cost structure to sales.

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