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Stock Market & Financial Investment News

News Breaks
March 20, 2014
08:12 EDTGISGeneral Mills may have reached turning point, says BMO Capital
After General Mills reported slightly weaker than expected results, BMO Capital nonetheless thinks that many of the company's businesses appear to be past their bottoms. The firm believes that the company is gaining share in both cereal and Greek yogurt, while Yoplait's sales growth has begun to accelerate. The firm keeps an Outperform rating on the stock.
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July 15, 2014
08:51 EDTGISGeneral Mills inaugurates facility in China
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08:50 EDTGISGeneral Mills expects double-digit net sales growth from Greater China this year
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July 8, 2014
11:55 EDTGISGeneral Mills says plans call for dividend to grow with earnings over time
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10:50 EDTGISGeneral Mills says trends in yogurt 'improving'
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10:37 EDTGISGeneral Mills says top priority for FY15 is to accelerate topline growth
Says second priority is to return yogurt to growth in the U.S. Sees $4B of cumulative savings from 2010-2020. Sees another year of growth for cereal business in FY15.
10:15 EDTGISGeneral Mills says poised for growth in FY15 and beyond
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10:04 EDTGISGeneral Mills sees FY15 adjusted EPS up high single digits vs. FY14's $2.82
Consensus is $3.02. Sees FY15 net sales up mid single digits vs. FY14's $17.91B, consensus $18.56B.
10:02 EDTGISGeneral Mills sees FY15 operating cash flow higher than FY14
Sees FY15 adjusted gross margin higher than FY14, sees SG&A expense flat to lower than FY14. Sees FY input cost inflation 3%, says starting the year 40% covered for FY15. Sees supply chain savings from HMM program to exceed $400M in 2015. Sees FY15 return on average total capital higher than FY14. Comments from slides that will be presented at the company's FY15 Investor Day at New York Stock Exchange.
09:55 EDTGISPowell says General Mills expects to accelerate growth in developed markets
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