General Mills (GIS) Tops Q3 EPS by 3c
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General Mills Reports Fiscal 2016 Third-Quarter Results In Line With Expectations, Reaffirms Full-Year Outlook
March 23, 2016 7:05 AM EDTMINNEAPOLIS, March 23, 2016 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the third quarter of fiscal 2016.
Third Quarter Results Summary
Net sales declined 8 percent to $4.0 billion, including a 3 point decline from the Green Giant divestiture. On a constant-currency basis, net sales declined 4 percent. Total segment operating profit totaled $679 million, down 3 percent. In constant currency, total segment operating profit declined 1 percent. Diluted earnings per share (EPS) totaled 59 cents compared to 56 cents a year ago. Adjusted diluted... More