General Mills (GIS) Misses Q2 EPS by 1c
Get Alerts GIS Hot Sheet
Price: $70.82 -0.49%
Revenue Growth %: -2.4%
Financial Fact:
Cost of sales: 2.49B
Today's EPS Names:
SFST, VLTO, CLIR, More
Revenue Growth %: -2.4%
Financial Fact:
Cost of sales: 2.49B
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
General Mills (NYSE: GIS) reported Q2 EPS of $0.82, $0.01 worse than the analyst estimate of $0.83. Revenue for the quarter came in at $4.42 billion versus the consensus estimate of $4.62 billion.
General Mills revised its 2016 full-year growth targets to reflect the impact of the Green Giant divestiture:
- Net sales in constant currency are now expected to decline at a low single-digit rate from the 2015 levels that included a 53rd week.
- Total segment operating profit is expected to essentially match last year's levels in constant currency.
- Constant-currency adjusted diluted EPS is expected to grow at a low single-digit rate from the base of $2.86 earned in fiscal 2015. At current exchange rates, the company estimates a 9-cent headwind from currency translation in 2016.
For earnings history and earnings-related data on General Mills (GIS) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Visa (V) earnings and revenue exceed estimates in Q2, shares rise
- Stride Inc. (LRN) Tops Q3 EPS by 17c, provides guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!