General Mills EPS beats by $0.09, beats on revenue

Dec. 17, 2020 7:11 AM ETGeneral Mills, Inc. (GIS)By: Niloofer Shaikh, SA News Editor6 Comments
  • General Mills (NYSE:GIS): FQ2 Non-GAAP EPS of $1.06 beats by $0.09; GAAP EPS of $1.11 beats by $0.13.
  • Revenue of $4.72B (+6.8% Y/Y) beats by $70M.
  • Organic sales +7% vs. consensus of +6.2%.
  • Q3 demand trends are expected to be generally consistent with recent months, due to ongoing virus concerns in many markets around the world. The company expects to generate continued strong top- and bottom-line growth in 3Q21, with organic net sales growth roughly similar to Q2'sgrowth rate and an adjusted operating profit margin in line with the year-ago period.
  • The company now expects its FY2021 adjusted operating profit margin in line or better than the previous year.
  • Shares +1% PM.
  • Press Release

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