General Mills: raises FY EPS targets
(CercleFinance.com) - On the publication of its quarterly reports, General Mills has raised its EPS growth target at constant exchange rates to between 6% and 8% (vs.
3% to 5% previously), for organic net sales growth that is still expected at 1% to 2%.
For its Q3, the agri-food group (brands include Yoplait, Häagen-Dazs and Cheerios) saw its adjusted EPS fall by 6% at constant exchange rates to 77 cents, thus exceeding the consensus by one cent.
Its adjusted operating margin fell by 130 basis points to 16.1%, for revenues that are stable at 4.2 billion dollars, with stagnation in organic terms, despite the strength of its pets business.
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3% to 5% previously), for organic net sales growth that is still expected at 1% to 2%.
For its Q3, the agri-food group (brands include Yoplait, Häagen-Dazs and Cheerios) saw its adjusted EPS fall by 6% at constant exchange rates to 77 cents, thus exceeding the consensus by one cent.
Its adjusted operating margin fell by 130 basis points to 16.1%, for revenues that are stable at 4.2 billion dollars, with stagnation in organic terms, despite the strength of its pets business.
Copyright (c) 2020 CercleFinance.com. All rights reserved.