General Mills (GIS) Misses Q2 EPS by 1c
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General Mills Reports Fiscal 2016 Second-Quarter Results
December 17, 2015 7:00 AM ESTMINNEAPOLIS, Dec. 17, 2015 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the second quarter of fiscal 2016.Â
Second Quarter Results Summary
Net sales declined 6 percent to $4.42 billion, including a 1 point decline from acquisitions and divestitures. On a constant-currency basis, net sales declined 2 percent. Total segment operating profit totaled $839 million, down 1 percent. In constant currency, total segment operating profit increased 2 percent. Diluted earnings per share (EPS) totaled 87 cents compared to 56 cents a year ago. Adjusted diluted EPS, which excludes certain items... More