$GIS (General Mills, Inc.)

$GIS {{ '2015-07-01T12:09:36+0000' | timeago}} • Announcement

$GIS 4Q15 PR: Net sales of $4,299MM a 0.4% increase vs. 4,283MM in 4Q14. Pound volume contributed 3 points of net sales growth, including incremental contributions from the Annie's organic foods business acquired in Oct. 2014 and an extra week in this year's period. Net earnings were $187MM down 53.8% vs. $404MM in 4Q14.

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

$GIS General Mills Earnings AlphaGraphic: Q1 2018 Highlights

$GIS {{ '2017-09-20T11:29:40+0000' | timeago}} • Announcement

Net sales for $GIS' Europe & Australia segment for 1Q18 rose 3% to $492MM, with benefits from net price realization and mix and favorable foreign currency exchange. Net sales for the Asia & Latin America fell 8% to $392MM, due to reporting calendar timing shift and challenges related to enterprise reporting system implementation in Brazil.

$GIS {{ '2017-09-20T11:26:49+0000' | timeago}} • Announcement

$GIS still expects FY18 organic net sales to decline 1-2%, an improvement of 200-300 basis points over FY17 results, and constant-currency adjusted EPS to increase 1-2% from the base of $3.08 earned in FY17. $GIS still sees constant-currency operating profit to be flat to up 1% and adjusted operating profit margin to be above year-ago levels.

$GIS {{ '2017-09-20T11:24:13+0000' | timeago}} • Announcement

Net sales for $GIS' Convenience Stores & Foodservice segment were essentially flat to year-ago levels at $447 million, due largely to growth in cereal and frozen meals offset by declines in yogurt and biscuits. Organic net sales were also flat to last year.

$GIS {{ '2017-09-20T11:24:03+0000' | timeago}} • Announcement

Net sales for $GIS' North America Retail segment totaled $2.44Bil for 1Q18, down 5% from prior year, reflecting low single-digit declines in contributions from volume and net price realization and mix. Net sales were down double-digits in the U.S. Yogurt operating unit, driven by continued declines for Yoplait Greek and Yoplait Light products.

$GIS {{ '2017-09-20T11:23:51+0000' | timeago}} • Announcement

By directing resources toward these global priorities, $GIS expects to drive a 200 to 300 basis point improvement in its organic net sales trends in FY18. This represents an important step in returning the business to consistent organic net sales growth.

$GIS {{ '2017-09-20T11:23:40+0000' | timeago}} • Announcement

For FY18, $GIS identified 4 global growth priorities: growing cereal globally, including CPW; improving U.S. yogurt through innovation; investing in differential growth opportunities including Haagen-Dazs ice cream, snack bars, Old El Paso Mexican food, and natural and organic food brands; and managing Foundation brands with appropriate investment.

$GIS {{ '2017-09-20T11:23:15+0000' | timeago}} • Announcement

$GIS posted 1Q18 adjusted EPS of $0.71, down 9% from the prior year. Constant-currency adjusted EPS also fell 9%, reflecting lower adjusted operating profit, partially offset by lower interest, taxes, and average diluted shares outstanding in the quarter.

$GIS {{ '2017-09-20T11:23:03+0000' | timeago}} • Announcement

$GIS reported a 1.1% decline in 1Q18 earnings due to lower sales and volume declines in the North America Retail and Asia & Latin America segments. Net income fell to $404.7MM from $409MM last year, while EPS increased 3% to $0.69 from $0.67 on lower average diluted shares outstanding. Net sales tumbled 4% to $3.77Bil.

$GIS {{ '2017-09-07T14:08:42+0000' | timeago}} • Announcement

$GIS reaffirmed its FY18 organic net sales outlook to decline 1-2% from 2017 levels. Total segment operating profit in constant currency is expected to range between flat and up 1%, and adjusted operating profit margin is expected to increase over year-ago levels. Adjusted EPS are expected to rise 1-2% in constant currency.

$GIS {{ '2017-06-28T13:49:17+0000' | timeago}} • Webcast

$GIS said it's focused more on topline growth in FY18 and the intent is to grow the topline by 200-300 BP, while continuing to grow margins.

$GIS {{ '2017-06-28T13:14:02+0000' | timeago}} • Webcast

$GIS expects to expand its adjusted operating profit margin in FY18, while interest expense and adjusted tax rate is expected to be in line with FY17 levels. $GIS is targeting a net reduction of 1-2% in average diluted shares outstanding in FY18 and is also targeting to convert more than 95% of its adjusted after tax earnings to free cash flow.

$GIS {{ '2017-06-28T12:55:08+0000' | timeago}} • Webcast

$GIS stated that with the changes to is global structure and supply chain being completed, the company expects to get back to executional excellence in FY18. The company added that these efforts would deliver 200-300 BP improvement in its net sales trends in 2018 vs. the 2017 results.

$GIS {{ '2017-06-28T12:26:51+0000' | timeago}} • Infographic

$GIS General Mills Earnings AlphaGraphic: Q4 2017 Highlights

$GIS {{ '2017-06-28T11:36:34+0000' | timeago}} • Announcement

For FY18, $GIS expects organic net sales to decline 1-2% and constant-currency adjusted diluted EPS is expected to increase 1-2% from the base of $3.08 earned in FY17. Additionally on a constant-currency basis, total segment operating profit is expected to be in a range between flat and up 1%.

$GIS {{ '2017-06-28T11:33:53+0000' | timeago}} • Announcement

$GIS BoD declared a quarterly dividend of $0.49 per share. The dividend is payable Aug. 1, 2017, to shareholders of record July 10, 2017.

$GIS {{ '2017-06-28T11:32:21+0000' | timeago}} • Announcement

For 4Q17, $GIS' Europe & Australia segment net sales declined 14% YoY, driven by the comparison to the year-ago period which included an extra month of results for Yoplait Europe. However, Asia & Latin America segment net sales rose 10% due to an extra month of results reported for Brazil. Convenience Stores & Foodservice net sales remained flat.

$GIS {{ '2017-06-28T11:27:55+0000' | timeago}} • Announcement

$GIS' 4Q17 North America Retail segment net sales totaled $2.39Bil, down 3% YoY, hurt mainly by double-digit declines in the U.S. Yogurt operating unit. Organic net sales also declined 4%. However, segment operating profit rose 9% mainly due to benefits from price realization and lower advertising and media expenses.

$GIS {{ '2017-06-28T11:23:14+0000' | timeago}} • Announcement

Manufacturer and marketer of branded consumer foods $GIS reported a 7.71% increase in earnings for 4Q17 despite a sales decline, helped by higher operating profit. Net earnings was $408.9MM or $0.69 per share, up from $379.6MM or $0.62 per share a year ago. Net sales declined 3.1% to $3.80Bil. Adjusted EPS in constant currency was $0.73 per share.

$GIS {{ '2017-06-21T16:16:19+0000' | timeago}} • Announcement

$GIS appointed Ivan Pollard as global CMO, effective July 10, 2017. He was most recently SVP, strategic marketing for $KO North America. Pollard will be accountable for establishing $GIS' first global marketing and media planning function responsible for marketing strategies, connections planning, and building organizational capabilities globally.

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