General Mills Reports Fourth-Quarter And Full-Year Fiscal 2018 Results; Provides 2019 Outlook
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General Mills (GIS) Tops Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS Outlook Below Consensus
June 27, 2018 7:03 AM EDTGeneral Mills (NYSE: GIS) reported Q4 EPS of $0.79, $0.04 better than the analyst estimate of $0.75. Revenue for the quarter came in at $3.89 billion versus the consensus estimate of $3.81 billion.
Fourth Quarter Results Summary
Net sales increased 2 percent to $3.89 billion. Organic net sales increased 1 percent, primarily reflecting benefits from organic net price realization and mix across all four operating segments, partially offset by lower organic volume in the North America Retail, Europe & Australia, and Asia & Latin America segments.Gross margin increased 180 basis points to 36.5 percent of net sales. Adjusted gross margin, which excludes certain items... More