General Mills: upbeat on 2021-22 targets

(CercleFinance.com) - Shares of General Mills, whose brands include Cheerios, Haagen Dazs and Yoplait, are up 3% in early trading today after the agrifood company gave an upbeat update on its guidance for FY 2021-22 at the Barclays Global Consumer Staples Conference.


It now expects organic sales to be at the upper end of its previous target range of -1% to -3%, mainly reflecting a stronger-than-expected sales performance in Q1.

It also now expects adjusted operating profit and adjusted EPS at constant exchange rates towards the upper end of their respective target ranges of -2% to -4% and flat to -2%, mainly due to a recent acquisition.



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