General Mills (GIS) Tops Q1 EPS by 3c

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Go back to General Mills (GIS) Tops Q1 EPS by 3c

General Mills Reports Fiscal 2017 First-Quarter Results

September 21, 2016 7:02 AM EDT

MINNEAPOLIS, Sept. 21, 2016 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the first quarter ended August 28, 2016.

"Our first-quarter profit margin expansion and EPS results reflect continued good progress on our productivity and cost-savings initiatives," said General Mills Chairman and Chief Executive Officer Ken Powell.  "However, our net sales performance did not meet our expectations due to the challenging macro environment, a difficult year-over-year comparison, and a slower start to the year on certain businesses.  We are taking actions to improve our net sales performance going forward,... More