General Mills GIS reported second-quarterly earnings of 95 cents per share on Wednesday, which beat the analyst consensus estimate of 88 cents by 7.95%. This is a 11.76% increase over earnings of 85 cents per share from the same period last year.
The company reported quarterly sales of $4.42 billion, which missed the analyst consensus estimate of $4.43 billion by 0.23%. This is a 0.20% increase over sales of $4.411 billion the same period last year.
General Mills reaffirmed its full-year fiscal 2020 targets for sales, profit, and EPS, and raised its target for free cash flow conversion.
General Mills shares were trading up 2.8 % at $53.63 in Wednesday’s pre-market session. The stock has a 52-week high of $56.40 and a 52-week low of $36.42.
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