General Mills (GIS) Tops Q3 EPS by 1c
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General Mills Reports Fiscal 2020 Third-Quarter Results and Updates Full-Year Guidance
March 18, 2020 7:00 AM EDTNet sales of $4.2 billion were flat to last year; organic net sales¹ were also flat. Through nine months, net sales were down 1 percent and organic net sales were flat to last year. Operating profit of $651 million essentially matched year-ago results; constant-currency adjusted operating profit was down 8 percent, including a strong increase in media investment. Through nine months, operating profit was up 18 percent and constant-currency adjusted operating profit increased 2 percent. Diluted earnings per share (EPS) of $0.74 were flat to last year; adjusted diluted EPS of... More
