General Mills, Inc.

NYSE:GIS   4:00:00 PM EDT
-0.88 (-1.09%)
Other Pre-Announcement

General Mills Reports Fiscal 2021 Second-Quarter Results

Published: 12/17/2020 12:27 GMT
General Mills, Inc. (GIS) - General Mills Reports Fiscal 2021 Second-quarter Results.
Q2 Adjusted Earnings per Share $1.06.
Q2 Earnings per Share $1.11.
Q2 Sales $4.7 Billion Versus Refinitiv Ibes Estimate of $4.65 Billion.
Q2 Earnings per Share Estimate $0.97 -- Refinitiv Ibes Data (analyst estimates).
Second-quarter Net Sales for Pet Segment Increased 18 Percent to $460 Million.
Second-quarter Net Sales for Convenience Stores & Foodservice Segment Declined 14 Percent to $440 Million.
Second-quarter Net Sales for General Mills' North America Retail Segment Increased 9 Percent to $2.92 Billion.
General Mills - Not Currently Providing a Outlook for Fiscal FY 2021 Growth in Organic Net Sales, Adjusted Operating Profit, and Adjusted Diluted Eps.
Expects Covid-19 Will Drive Continued Elevated Consumer Demand for Food at Home Through Remainder of 2021.
Third-quarter Demand Trends Are Expected to Be Generally Consistent With Recent Months.
Expects to Generate Continued Strong Top- and Bottom-line Growth in Q3 of Fiscal 2021.
Expects Full-year Fiscal 2021 Adjusted Operating Profit Margin Will Be in Line Or Better Than Previous Year.