- 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