General Mills: Q2 beats consensus
(CercleFinance.com) - General Mills announces Q2 2018-19 adjusted EPS of 85 cents, up 2% at constant exchange rates, and four cents above the consensus.
The agri-food group - which has brands such as Yoplait, Hagen-Dazs and Cheerios - saw its adjusted operating margin increase by 40 basis points to 17.3%, for revenue that is up 5% at 4.41 billion dollars (-1% in organic terms).
Based on its performance to date, General Mills confirms that it expects EPS that could fall up to 3% at constant exchange rates, as well as sluggish FY 2018-19 organic sales growth of 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The agri-food group - which has brands such as Yoplait, Hagen-Dazs and Cheerios - saw its adjusted operating margin increase by 40 basis points to 17.3%, for revenue that is up 5% at 4.41 billion dollars (-1% in organic terms).
Based on its performance to date, General Mills confirms that it expects EPS that could fall up to 3% at constant exchange rates, as well as sluggish FY 2018-19 organic sales growth of 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.