RBC Capital Remains Bullish on General Mills (GIS) Following EPS Beat
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General Mills Reports Fiscal 2016 First-Quarter Results
September 22, 2015 7:02 AM EDTMINNEAPOLIS, Sept. 22, 2015 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the first quarter of fiscal 2016.Â
First Quarter Results Summary
Net sales declined 1 percent to $4.21 billion. On a constant-currency basis, net sales increased 4 percent. Segment operating profit totaled $826 million, up 20 percent. In constant currency, total segment operating profit increased 23 percent. Diluted earnings per share (EPS) totaled 69 cents compared to 55 cents a year ago. Adjusted diluted EPS, which excludes certain items affecting comparability of results, totaled 79 cents in the... More