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[bobirw]

General Mills Beats

General Mills (GIS) reported 3rd Quarter February 2019 earnings of $0.83 per share on revenue of $4.2 billion. The consensus earnings estimate was $0.69 per share on revenue of $4.2 billion. The Earnings Whisper number was $0.71 per share. Revenue grew 8.1% on a year-over-year basis.

The company said it expects fiscal 2019 earnings of $3.11 to $3.14 per share. The company's previous guidance was earnings of $3.02 to $3.11 per share on revenue and the current consensus earnings estimate is $3.08 per share for the year ending May 31, 2019.

General Mills Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. It supplies branded and unbranded food products to the foodservice and commercial baking industries.
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General Mills sees FY19 net sales growth at lower end of previous guidance
Sees organic net sales growth also at lower end, with adjusted operating profit growth at higher end of previous guidance. Comments taken from the Q3 earnings conference call.