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Green Giant squashes General Mills profits
2015-07-01 19:54:59| Food - Topix.net
General Mills Inc. reported weaker-than-expected sales for the fourth quarter of fiscal 2015 and said profits were cut in half as it took a big asset-impairment charge related to its Green Giant vegetable business. The Golden Valley-based company reported earnings of $186.8 million , or 30 cents per share, for the quarter, down from $404.6 million, or 65 cents per share, in the same period a year ago.
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General Mills, Inc. (GIS) Q4 Earnings Beat But Revenues Miss; Should You Buy?
2015-07-01 17:27:11| Agriculture - Topix.net
General Mills, Inc. posted stronger-than-expected earnings for its fourth quarter of fiscal year 2015 which ended May 31, but the firm's revenues were lower than what Wall Street was expecting. Quarterly net income was reported to be $186.8 million, or $0.30 per share, down significantly from $404.6 million, or $0.65 per share, in the same quarter of the prior year.
General Mills' sales hit by shoppers' turn against cereal
2015-07-01 15:42:00| Food - Topix.net
General Mills Inc.'s fourth-quarter profit fell and its revenue fell short of expectations as it deals with shoppers who are skipping the cereal aisle. The maker of Cheerios cereal, Yoplait yogurt and other packaged foods saw both sales and profit decline in the U.S. retail segment of its business.
General Mills' sales hit by shoppers' turn against cereal
2015-07-01 15:18:39| Agriculture - Topix.net
General Mills Inc.'s fourth-quarter profit fell and its revenue fell short of expectations as it deals with shoppers who are skipping the cereal aisle. The maker of Cheerios cereal, Yoplait yogurt and other packaged foods saw both sales and profit decline in the U.S. retail segment of its business.
General Mills Revenue Growth Weaker Than Views
2015-07-01 15:18:38| Agriculture - Topix.net
General Mills Inc. on Wednesday reported weaker-than-expected revenue in its May quarter, as the food maker continues to struggle with changing consumer tastes and a strong dollar. Profit excluding one-time items came in above Wall Street expectations for the fiscal fourth quarter, while the company also saw its volume improve.
Tags: general
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