General Mills (GIS) Tops Q3 EPS by 1c, Sales Light; Reaffirms

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Go back to General Mills (GIS) Tops Q3 EPS by 1c, Sales Light; Reaffirms

General Mills Reports Fiscal 2017 Third-Quarter Results

March 21, 2017 6:57 AM EDT

MINNEAPOLIS, March 21, 2017 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the third quarter ended February 26, 2017.

"Our third-quarter results finished in line with our expectations and keep us on track to deliver the guidance we updated last month," said General Mills Chairman and Chief Executive Officer Ken Powell.  "Our net sales declined due primarily to gaps in pricing and promotional activity in key U.S. businesses.  Our cost savings efforts helped us expand our adjusted operating profit margin and drive growth in adjusted diluted EPS.  Looking ahead, we are... More