General Mills: raises FY EPS targets
(CercleFinance.com) - On publishing better-than-expected quarterly results, General Mills has said that it is now targeting growth in adjusted EPS at constant exchange rates of up 1% for the full year, against stability at best or even a fall of up to 3% previously.
The Minneapolis agri-food group reported Q3 2018-19,adjusted EPS of 83 cents, up 6% at constant exchange rates and 14 cents above the consensus.
The owner of brands including Yoplait, Hagen-Dazs and Cheerios, saw its adjusted operating margin grow by 230 bp to 17.4%, for revenues that are up 8% at 4.20 billion dollars (+1% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Minneapolis agri-food group reported Q3 2018-19,adjusted EPS of 83 cents, up 6% at constant exchange rates and 14 cents above the consensus.
The owner of brands including Yoplait, Hagen-Dazs and Cheerios, saw its adjusted operating margin grow by 230 bp to 17.4%, for revenues that are up 8% at 4.20 billion dollars (+1% in organic terms).
Copyright (c) 2019 CercleFinance.com. All rights reserved.