General Mills Reports Fiscal 2017 Second-Quarter Results
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General Mills (GIS) Misses Q2 EPS by 1c
December 20, 2016 6:56 AM ESTGeneral Mills (NYSE: GIS) reported Q2 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.23 billion.
Although we posted disappointing net sales performance in the second quarter, we delivered good growth in adjusted diluted EPS, driven by significant expansion in our adjusted operating profit margin," said General Mills Chairman and Chief Executive Officer Ken Powell. "Our organic sales declines reflect the actions we've taken to optimize our... More
