General Mills (GIS) PT Lowered to $49 at BofA/Merrill Lynch Following 3Q

Go back to General Mills (GIS) PT Lowered to $49 at BofA/Merrill Lynch Following 3Q

General Mills Reports Fiscal 2018 Third-quarter Results

March 21, 2018 7:01 AM EDT

MINNEAPOLIS, March 21, 2018 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the third quarter ended February 25, 2018.

"Our primary goal this year has been to strengthen our topline performance while maintaining our efficiency," said General Mills Chairman and Chief Executive Officer Jeff Harmening.  "While I'm pleased that we're delivering on the first part of that goal, with strong consumer marketing, innovation, and in-store execution leading to a second consecutive quarter of organic net sales growth, I'm disappointed in our results on the bottom line.  Our third-quarter... More