Diamonds and Dogs

6/29/22

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.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.