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General Mills says results will beat expectations

General Mills said today that when it reports full-year results July 1, it expects earnings will beat its most recent forecast of $3.87 to $3.89 per share.

More evidence that eating in is the new going out: General Mills‘ products continue to fly off grocery store shelves.

The company said today that U.S. retail sales increased 10 percent during the first nine months of its current fiscal year. When it reports full-year results July 1, it expects earnings will beat its most recent forecast of $3.87 to $3.89 per share.

General Mills credits the better-than-expected results to “good operating performance and a lower fourth-quarter tax rate.”

The company’s statement also comments on sales expectations for its two other major business segments. International sales also increased 10 percent in the first nine months, but unfavorable currency conversions claimed more than half that gain.

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Meanwhile, its bakeries and food-service segment are expected to be lower than last year.