General Mills: beats consensus in Q4
(CercleFinance.com) - General Mills has unveiled Q4 2017-18 adjusted EPS of 79 cents, which is up 7% at constant exchange rates, six cents above the consensus.
The agri-food group - whose brands include Yoplait, Häagen-Dazs and Cheerios - saw its adjusted operating margin improve by 1.7 points to 18.5%, with sales up 2% at 3.89 billion dollar (+1% in organic terms).
With adjusted FY 2017-18 EPS of 3.11 dollars, General Mills expects 2018-19 EPS to be either flat or down by up to 3% at constant exchange rates, for organic sales that are up to 1% higher.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The agri-food group - whose brands include Yoplait, Häagen-Dazs and Cheerios - saw its adjusted operating margin improve by 1.7 points to 18.5%, with sales up 2% at 3.89 billion dollar (+1% in organic terms).
With adjusted FY 2017-18 EPS of 3.11 dollars, General Mills expects 2018-19 EPS to be either flat or down by up to 3% at constant exchange rates, for organic sales that are up to 1% higher.
Copyright (c) 2018 CercleFinance.com. All rights reserved.