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March 19, 2014
09:00 EDTGISGeneral Mills sees Q4 input inflation well below year-ago levels
Sees "strong" earnings growth in Q4. Sees FY input cost inflation 3%. Says expects underlying gross margin expansion in Q4. Sees FY interest expense slightly below last year. Sees FY underlying tax rate roughly comparable to last year. Seeing positive results from inventory reduction efforts. Sees strong double digit growth in adjusted EPS for FY14. Sees FY operating cash flow meeting or exceeding last year's results. Comments made on the Q3 earnings conference call.
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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