General Mills (GIS) Cuts Q3, FY12 EPS On Lower Volume
GIS Hot Sheet
Revenue Growth %: +12.9%Financial Fact:
Net sales: 3.85B
Today's EPS Names:
TARO, BRLI, TLB, More
General Mills (NYSE: GIS) said today that weak volume performance across U.S. retail food categories in December and January will affect the company’s results for the quarter ending February 26, 2012. General Mills currently estimates that 2012 third-quarter adjusted diluted EPS will total $0.54 -$0.56. In last year’s third quarter, adjusted diluted EPS was $0.56. The company will report fiscal 2012 third-quarter results on Wednesday, March 21, 2012.
The Street is currently looking for EPS of 60 cents.
General Mills revised its fiscal 2012 adjusted diluted EPS guidance to $2.53 - $2.55. The company’s guidance had been $2.59 - $2.61. Adjusted diluted EPS excludes the effects of mark-to-market valuation of certain commodity positions, and integration costs for the Yoplait international acquisition completed July 1, 2011.
The Street was looking for EPS of $2.60.
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The Street is currently looking for EPS of 60 cents.
General Mills revised its fiscal 2012 adjusted diluted EPS guidance to $2.53 - $2.55. The company’s guidance had been $2.59 - $2.61. Adjusted diluted EPS excludes the effects of mark-to-market valuation of certain commodity positions, and integration costs for the Yoplait international acquisition completed July 1, 2011.
The Street was looking for EPS of $2.60.
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