RBC Capital Raises Price Target on General Mills (GIS) to $73 Following 4Q
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Wall St futures pause after AI rally, focus on Mideast tensions
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
General Mills Reports Fiscal 2016 Results With EPS Above Previous Guidance; Increases Margin Expansion Target
June 29, 2016 7:50 AM EDTMINNEAPOLIS, June 29, 2016 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the fourth quarter and full fiscal year ended May 29, 2016. These results reflect the impact of foreign exchange headwinds, the sale of the North American Green Giant business, and one less week compared to fiscal 2015.
Fiscal 2016 Financial Summary
Net sales declined 6 percent to $16.6 billion. On a constant-currency basis, net sales decreased 2 percent. Operating profit totaled $2.7 billion, up 30 percent compared to the prior year. Operating profit margin increased 450 basis points to 16.3... More