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March 14, 2014
06:59 EDTGISGeneral Mills sees Q3 adjusted EPS 61c-62c, consensus 68c
General Mills said its sales and operating profit for Q3 ended February 23, will reflect approximately 1% lower volume, consistent with recent food industry trends in developed markets, as well as negative foreign currency translation effects. In addition, results for the quarter include incremental consumer marketing and merchandising investment in the company's U.S. yogurt business, where response to-date has been encouraging. Third-quarter operating profit for the company's U.S. Retail segment is expected to be 10%-11% below strong year-ago results that grew 13%. Total segment operating profit is also expected to be below last year's strong third-quarter level.
News For GIS From The Last 14 Days
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November 25, 2015
05:43 EDTGISGeneral Mills to use only cage-free eggs by 2025, Reuters reports
General Mills plans to use only cage-fee eggs in its U.S. operations by 2025, reports Reuters. The company had said it was working toward using cage-free eggs in its products in July, but this is a the first time a packaged food company has given a timeline. Reference Link
November 18, 2015
09:06 EDTGISHain Celestial weakness looks overdone, says Bernstein
Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.

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