General Mills: Q1 above estimates
(CercleFinance.com) - General Mills has announced Q1 2018-19 adjusted EPS of 71 cents, stable, at constant exchange rates, but seven cents above the consensus.
The agri-food group - whose brands include Yoplait, Häagen-Dazs and Cheerios - saw its adjusted operating margin fall 80 basis points to 15.7%, for sales that rose 9% to 4.1 billion dollars (stable in organic terms).
Based on its performance, General Mills confirms that it expects full-year adjusted EPS that is either flat or down by up to 3% at constant exchange rates, for an organic sales that are either flat up by a maximum of 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The agri-food group - whose brands include Yoplait, Häagen-Dazs and Cheerios - saw its adjusted operating margin fall 80 basis points to 15.7%, for sales that rose 9% to 4.1 billion dollars (stable in organic terms).
Based on its performance, General Mills confirms that it expects full-year adjusted EPS that is either flat or down by up to 3% at constant exchange rates, for an organic sales that are either flat up by a maximum of 1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.