$GIS (General Mills, Inc.)

$GIS {{ '2015-10-05T17:03:52+0000' | timeago}} • SEC

After 1Q16-end, $GIS has agreed to sell its Green Giant business in its US Retail segment and a portion of the business in its International segment for $765MM in cash, subject to an inventory adjustment at closing. $GIS expects this transaction to close in FY16, and to record a gain on sale of this business during the quarter in which it closes.

$GIS {{ '2017-12-21T19:44:49+0000' | timeago}} • Webcast

On tax front, as $GIS sees with any increase in earnings, the company will evaluate several uses for the utilization. The company will look at brand investment, capital investment, merger & acquisition and clearly cash return to shareholders. $GIS' long-term expectations on how the company is going to drive the business haven't changed.

$GIS {{ '2017-12-21T19:42:21+0000' | timeago}} • Webcast

Looking ahead to 2H18, $GIS expects to continue driving good performance on frozen meals, led by strong demand in K-12 schools for its healthy delicious and easy-to-prepare meal solutions. And the company likes the prospects for its Stuffed Waffle, which meets many C-store's consumers desires for convenience and great taste.

$GIS {{ '2017-12-21T19:29:43+0000' | timeago}} • Webcast

In 2018, $GIS said the yogurt innovation has been tremendously successful thus far, led by Oui by Yoplait, which already makes up almost 10% of its U.S. yogurt portfolio. Oui's glass jar and unique positioning really standout on shelf, which has helped drive strong consumer trial and $GIS is seeing an acceleration in repeat purchases.

$GIS {{ '2017-12-21T19:27:42+0000' | timeago}} • Webcast

$GIS is planning to extend its cereal momentum in 2H18 behind some exciting innovation and platform marketing executions. Chocolate Peanut Butter Cheerios, which launched in October is off to a great start and is turning at the top of the category. $GIS will continue to fuel this new product in 2H18 with strong in 3Q18.

$GIS {{ '2017-12-21T19:25:01+0000' | timeago}} • Webcast

$GIS continues to expect its full-year 2018 adjusted effective tax rate to be in line with last year. At this point, $GIS has not incorporated any estimate of the impact of U.S. tax reform legislation into its guidance. And average diluted shares outstanding declined 3% in 2Q18. The company now expects shares to be down about 2% for the full-year.

$GIS {{ '2017-12-21T15:44:38+0000' | timeago}} • Announcement

The BoD of $GIS declared a quarterly dividend at the prevailing rate of $0.49 per share. The dividend is payable on Feb. 1, 2018, to shareholders of record as of Jan. 10, 2018.

$GIS {{ '2017-12-20T13:20:50+0000' | timeago}} • Announcement

$GIS now expects 2018 organic net sales to be flat to down 1% compared to prior estimate of down 1-2%. Constant-currency adjusted EPS for FY18 is still expected to rise 1-2% from $3.08 earned in FY17. Constant-currency segment operating profit is still predicted to be flat to up 1%. $GIS now sees adjusted operating margin to be below last year.

$GIS {{ '2017-12-20T13:17:26+0000' | timeago}} • Announcement

$GIS' net sales for the Asia & Latin America segment for 2Q18 rose 2% from last year, driven by favorable foreign currency exchange and benefits from net price realization and mix more than offsetting unfavorable contributions from volume. Organic net sales essentially matched year-ago levels.

$GIS {{ '2017-12-20T13:16:36+0000' | timeago}} • Announcement

$GIS' net sales for the Europe & Australia segment for 2Q18 rose 7%, driven by favorable foreign currency exchange and contributions from volume. Organic net sales inched up 1%. Innovation, brand-building, and geographic expansion continued to drive sales and share growth for Haagen-Dazs ice cream and Nature Valley and Fiber One snacks.

$GIS {{ '2017-12-20T13:15:27+0000' | timeago}} • Announcement

$GIS' net sales for the Convenience Stores & Foodservice segment for 2Q18 increased 5% to $512MM, driven by growth for the Focus 6 platforms, including frozen meals, cereal, and snacks, as well as benefits from market index pricing on bakery flour. Organic net sales rose 5%. Segment operating profit was 2% below last year, on higher input costs.

$GIS {{ '2017-12-20T13:14:07+0000' | timeago}} • Announcement

$GIS' net sales for North America Retail segment for 2Q18 totaled $2.77Bil, up 1% from the prior year, primarily driven by a 7% increase for the U.S. Cereal operating unit and a 5% increase for U.S. Snacks. The Canada unit delivered 1% net sales growth in constant currency.

$GIS {{ '2017-12-20T13:12:25+0000' | timeago}} • Announcement

$GIS' operating margin for 2Q18 declined 130 basis points to 17.4% from last year. Adjusted operating margin decreased 220 basis points to 17.4%, primarily reflecting lower adjusted gross margin and a 7% increase in advertising and media expense, partially offset by benefits from cost savings initiatives.

$GIS {{ '2017-12-20T13:10:32+0000' | timeago}} • Announcement

$GIS reported a 11% drop in 2Q18 earnings due to higher input costs including currency-driven inflation on imported products as well as unfavorable trade expense phasing. Net income fell 11% to $431MM and EPS tumbled 8% to $0.74. Sales rose 2.1% to $4.2Bil. Constant-currency adjusted EPS declined 5% to $0.82 on lower adjusted operating profit.

$GIS {{ '2017-12-20T12:30:37+0000' | timeago}} • Infographic

$GIS General Mills Inc. Earnings AlphaGraphic: Q2 2018 Highlights

$GIS {{ '2017-09-26T22:17:12+0000' | timeago}} • Announcement

$GIS declared a quarterly dividend of $0.49 per share, payable November 1, 2017, to shareholders of record as of October 10, 2017.

$GIS {{ '2017-09-21T13:28:05+0000' | timeago}} • Webcast

$GIS said retail margin changes wasn't really a big driver in 1Q18. Looking at retail sales, what drove the company's positive pricing was a combination of two things. One is baseline sales outpaced its growth overall so $GIS still has 300 basis point improvement on overall sales. And the other was good quality merchandizing.

$GIS {{ '2017-09-21T13:00:54+0000' | timeago}} • Webcast

$GIS expects to lessen the declines on its adjusted operating profit margin and adjusted EPS in 2Q18 and to drive growth on those measures in the 2H18. The company reiterated that it remains on track to deliver the FY18 guidance $GIS outlined in July.

$GIS {{ '2017-09-21T12:57:52+0000' | timeago}} • Webcast

$GIS' adjusted gross margin for 1Q18 fell 230 basis points and adjusted operating margin was down 210 basis points, due to volume deleverage, higher input cost including currency-driven inflation on imported products and unfavorable trade expense phasing. $GIS expects each of these margin drivers to turn more favorable in the remainder of 2018.

$GIS {{ '2017-09-21T12:56:58+0000' | timeago}} • Webcast

$GIS anticipated a slow start to the year 2018 on adjusted operating profit and adjusted EPS driven by sales declines in the phasing of input cost, expenses and cost savings. $GIS expects sales results to strengthen and 1Q18 margin headwinds to lessen in the remainder of 2018, driving growth on profit EPS in 2H.

$GIS {{ '2017-09-20T12:04:17+0000' | timeago}} • Infographic

$GIS General Mills Earnings AlphaGraphic: Q1 2018 Highlights

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