Inside GIS’s Results
General Mills reported earnings of $343.2 million, or 56 cents per share, down from $410.6 million, or 64 cents per share, a year ago. Adjusted earnings were 70 cents per share, above analysts’ view of 67 cents per share.
Sales dipped 1% to $4.35 billion from $4.38 billion last year. Analysts expected to see revenue of $4.35 billion.
Looking ahead, General Mills expects to see FY2015 EPS to grow at a low single-digit rate, while analysts’ expect to see EPS of $2.82.
Quarterly Sales Continue to Fall
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.72%|
|LCEAX||Invesco Diversified Dividend||1.09%|
The Bottom Line
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