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The backtest results indicate that GIS shows a moderate short-term positive reaction to earnings beats, with win rates of 46.15% over 3 days and 53.85% over 10 days, but a decline in performance over 30 days. In contrast, the Food Products Industry overall experiences negligible impact from earnings beats, with a maximum return of only 0.96% after 51 days. This suggests that while GIS may benefit briefly from earnings surprises, the broader industry does not exhibit significant price movements. Investors should consider short-term opportunities in GIS but remain cautious about long-term holdings post-earnings beat.