General Mills Reports Fiscal 2022 Second-Quarter Results
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General Mills (GIS) Misses Q2 EPS by 5c, Revenue Beats, Offers Guidance
December 21, 2021 7:01 AM ESTGeneral Mills (NYSE: GIS) reported Q2 EPS of $0.99, $0.05 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $5 billion versus the consensus estimate of $4.81 billion.
Fiscal 2022 Outlook:
General Mills updated its guidance for fiscal 2022 to reflect stronger topline growth and significantly higher input costs than originally expected, as well as the impact of the European Yoplait divestiture. The companys updated full-year fiscal 2022 financial targets are summarized below:Organic net sales are now expected to increase 4 to 5... More