Market Currents

• Today - Thursday, December 17, 2009

• 07:04 AM General Mills (GIS): FQ2 EPS of $1.54 beats by $0.09. Revenue of $4.08B (+1.7%) in-line. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ATU, DFS, FDX, GIS, PIR, RAD, WGO Comment!

• Wednesday, September 23, 2009

• 07:13 AM General Mills (GIS): FQ1 EPS of $1.28 beats by $0.25. Revenue of $3.52B (+0.6%), in-line. Sees full-year EPS of $4.40-4.45 vs. $4.26 consensus. "We're seeing continuing strong consumer demand for our products." (PR) 1 Comment
• 00:05 AM Notable earnings before Wednesday's open: AZO, GIS Comment!

• Thursday, September 10, 2009

• 07:33 AM General Mills (GIS): Says its current estimate of FQ1 EPS exceeds internal targets, noting "the business is recovering margin that was reduced a year ago by sharp input-cost inflation." (PR) Comment!

• Thursday, August 13, 2009

• 08:13 AM Kraft (KFT), General Mills (GIS), Hershey (HSY) and other major food companies warn the country could 'virtually run out of sugar,' leading to layoffs and price spikes, unless the government eases back on import curbs. 7 Comments

• Wednesday, July 1, 2009

• 06:36 AM General Mills (GIS): FQ4 EPS of $0.86 beats by $0.05. Revenue of $3.6B (+5%) vs. $3.7B. Issues upside EPS guidance for FY '10 of $4.20-4.25, assuming no mark-to-market impact in FY '10. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: GIS, STZ 3 Comments

• Wednesday, May 13, 2009

• 13:05 PM FDA slaps General Mills (GIS) with a warning, saying heart benefit claims in use on Cheerios boxes for over 2 years represent 'serious violations' of federal law. The FDA suggests filing a new-drug application for Cheerios to keep the box label as is. 4 Comments

• Sunday, April 26, 2009

• 03:56 AM General Mills (GIS) has a solid balance sheet and strong sales, writes Barron's Neil A. Martin, and isn't getting enough credit for its successful expansion into high-growth markets. Some bulls say shares could rise to the low 60s in a year. Comment!

• Tuesday, April 14, 2009

• 13:49 PM Companies are so worried about sinking the boat that they may be missing it, James Surowiecki says in a great article that contrasts Kellog's (K) growth during the Great Depression to Post's (GIS). "You'd think that everyone would want to emulate Kellogg's success, but, when hard times hit, most companies end up behaving more like Post." 1 Comment

• Friday, March 27, 2009

• 17:06 PM Consumer staples and retailers squeaked out gains today. General Mills (GIS) +3.35%, American Dairy (ADY) +12.96%, Coca-Cola +0.56%. Lululemon (LULU) +9.13% on earnings (see transcript), Liz Claiborne (LIZ) +12.7%, Best Buy (BBY) +0.98%. Comment!

• Wednesday, March 18, 2009

• 09:01 AM Premarket losers: MRX -25%. RDS.A -4%. GIS -4%. EGLE -4%. GNW -4%. HBC -4%. MU -4%. IBM -3%. AZN -3%. Comment!
• 07:04 AM General Mills (GIS): FQ3 EPS of $0.79 misses by $0.09. Revenue of $3.5B (+3.9%) in-line. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: GIS Comment!

• Wednesday, December 17, 2008

• 07:18 AM General Mills (GIS): FQ2 EPS of $1.36 beats by $0.13. Revenue of $4.0B (+8.3%) in-line. (PR) Comment!