General Mills (GIS) Misses Q2 EPS by 1c
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General Mills Reports Fiscal 2017 Second-Quarter Results
December 20, 2016 6:52 AM ESTMINNEAPOLIS, Dec. 20, 2016 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the second quarter ended November 27, 2016.
"Although we posted disappointing net sales performance in the second quarter, we delivered good growth in adjusted diluted EPS, driven by significant expansion in our adjusted operating profit margin," said General Mills Chairman and Chief Executive Officer Ken Powell. "Our organic sales declines reflect the actions we've taken to optimize our spending and prioritize profitable volume, as well as weakening food-industry trends in the U.S. We're making targeted adjustments to... More
