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:

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• PepsiCo: Announces Leadership Changes [US] Fri 04-01
• Premier Foods: about possible offer by McCormick [UK] Thu 03-31
• General Mills: reports fiscal Q3/2016 results [US] Thu 03-31
• McCormick: Reports On Q1/2016 Results And Outlook [US] Thu 03-31
• Study: Retail Foodservice Gaining Ground in Food Fight [US] Wed 03-30
• Dunkin’ Brands: appoints five new vice presidents [US] Wed 03-30
• ADM: Board of Directors Nominates New Member [US] Wed 03-30
• Johnny Rockets: Hires Director Of Mature Markets [US] Wed 03-30
• Technomic: Fast-casual boom continues [US] Tue 03-29
• Do Americans Trust the Food They Eat? [US] Tue 03-29
• LSG Group: invests in sustainable growth [DE] Mon 03-28
• Profile America: on Nutrition and Frozen Food [US] Mon 03-28
• Nissin Foods: Acquires 17.3% of Premier Foods Shares [JP] Sat 03-26
• McCormick: on its Possible Offer for Premier Foods [US] Sat 03-26