General Mills: raises FY targets again
(CercleFinance.com) - On its Q3 earnings call, General Mills said that it has nudged up its annual targets, now looking for adjusted EPS growth of 8%-9% at constant exchange rates, compared with a previous range of 7%-8%.
The food company's adjusted operating profit is now expected to grow by 7%-8% at constant exchange rates, from 6%-7%, while its organic net sales are expected to grow by 10%-11%, up from its previous guidance of around 10%.
For the quarter, General Mills reported adjusted EPS of $0.97, up 17% at constant exchange rates, with operating profit of $730m, on net sales of $5.1bn, up 16% organically.
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The food company's adjusted operating profit is now expected to grow by 7%-8% at constant exchange rates, from 6%-7%, while its organic net sales are expected to grow by 10%-11%, up from its previous guidance of around 10%.
For the quarter, General Mills reported adjusted EPS of $0.97, up 17% at constant exchange rates, with operating profit of $730m, on net sales of $5.1bn, up 16% organically.
Copyright (c) 2023 CercleFinance.com. All rights reserved.