(AOF) – General Mills has released mixed quarterly results. In the second quarter of its fiscal year, the US food group reported net income of $ 597.2 million, or 97 cents per share, against 688.4 million, or $ 1.11 per share a year earlier. Excluding one-offs, EPS came in at 99 cents against a consensus of $ 1.05. The turnover stood at 5.024 billion. Analysts had expected 4.839 billion.
The owner of brands like Cheerios and Yoplait has raised his forecast for annual organic growth. It aims for growth of between 4% and 5%, against a drop from 1% to 3% previously. Analysts are targeting an increase of 0.9%.
AOF – LEARN MORE