General Mills (GIS) PT Raised to $63 at Jefferies Ahead of Earnings

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Go back to General Mills (GIS) PT Raised to $63 at Jefferies Ahead of Earnings

General Mills (GIS) Misses Q3 EPS by 2c, Revenues Beat

March 24, 2021 7:02 AM EDT

General Mills (NYSE: GIS) reported Q3 EPS of $0.82, $0.02 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.44 billion.

Net sales increased 8 percent to $4.5 billion; organic net sales1 increased 7 percentOperating profit increased 27 percent to $827 million; constant-currency adjusted operating profit increased 5 percentDiluted earnings per share (EPS) totaled $0.96, up 30 percent from the prior year; adjusted diluted EPS of $0.82 increased 6 percent in constant currencyCompany provides outlook for full-year organic net sales growth... More