General Mills (GIS) Tops Q1 EPS by 2c; reaffirms guidance

General Mills (NYSE: GIS) reported Q1 EPS of $1.07, $0.02 better than the analyst estimate of $1.05. Revenue for the quarter came in at $4.85 billion versus the consensus estimate of $4.77 billion.

"The company reaffirmed its full-year fiscal 2025 financial targets:

Organic net sales are expected to range between flat and up 1 percent.
Adjusted operating profit is expected to range between down 2 percent and flat in constant currency.
Adjusted diluted EPS is expected to range between down 1 percent and up 1 percent in constant currency.
Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings.
These targets do not reflect an impact from the proposed North American Yogurt divestitures. The company expects to incorporate the divestitures into its outlook after the transactions are closed."

For earnings history and earnings-related data on General Mills (GIS) click here.

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