Freitag, 23. Februar 2024

Global Industry: General Mills reports fiscal third quarter 2016 results

Hamburg. (bm) General Mills Inc. reported results for the third quarter of fiscal 2016. Net sales declined eight percent to 4.0 billion USD, including a three point decline from the Green Giant divestiture. Total segment operating profit totalled 679 million USD, down three percent. Diluted earnings per share (EPS) totalled 59 cents compared to 56 cents a year ago. Adjusted diluted EPS, which excludes certain items affecting comparability of results, totalled 65 cents in the third quarter of 2016 compared to 70 cents a year ago. On a constant-currency basis, adjusted diluted EPS declined six percent. Other topics of the week: