Key Developments: General Mills Inc (GIS)
50.36USD
17 May 2013
$-0.11 (-0.22%)
$50.47
$50.41
$50.53
$49.86
3,261,928
3,880,525
$50.97
$36.75
Latest Key Developments (Source: Significant Developments)
General Mills Inc Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates; Raises FY 2013 EPS Guidance
General Mills Inc announced that for fourth quarter of 2013, it expects adjusted diluted earnings per share (EPS) to be below year ago results that grew 15%. For fiscal 2013, it expects adjusted diluted EPS to a range of $2.66 to $2.68, excluding mark-to-market effects, a net tax benefit recorded in the first quarter, and restructuring and integration costs. The Company reported EPS of $0.60 in fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.59 for fourth quarter of 2013 and EPS of $2.68 for fiscal 2013. Full Article
General Mills Inc Announces 15% Dividend Increase
General Mills Inc announced that its Board of Directors has declared a quarterly dividend payable May 1, 2013, and also approved a 15% increase in the dividend rate effective with the August 1, 2013, payment. The May 1, 2013, dividend of $0.33 per share will be payable to General Mills shareholders of record April 10, 2013. The August 1, 2013, quarterly dividend of $0.38 per share will be payable to shareholders of record July 10, 2013. The company's new annualized dividend rate for fiscal 2014 of $1.52 represents a yield of approximately 3.3% at recent market prices for General Mills' common stock. Full Article
General Mills Inc Reaffirms FY 2013 EPS Guidance; Comments On FY 2014 EPS Guidance
General Mills Inc reaffirmed its earnings guidance for fiscal 2013, of $2.65 to $2.67 per share, before certain items affecting comparability. The Company also previewed its fiscal 2014 plans, which include stronger EPS growth and increased cash returns to shareholders. The Company expects see stronger growth in immediate future. In December, it has raised earnings outlook for fiscal 2013. And in fiscal 2014, the Company plans call for high single-digit EPS growth, consistent with long-term model. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.68 for fiscal 2013; EPS of $2.90 for fiscal 2014. Full Article
General Mills Inc Raises FY 2013 EPS Guidance-Conference Call
General Mills Inc announced that for fiscal 2013, it expects EPS guidance to be up a bit to a range of $2.65 to $2.67. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.67 for fiscal 2013. Full Article
General Mills Inc Declares Quarterly Dividend
General Mills Inc announced that the Board of Directors declared a quarterly dividend at the prevailing rate of $0.33 per share, payable February 1, 2013, to shareholders of record January 10, 2013. The current annualized dividend rate of $1.32 per share is an 8% increase over dividends of $1.22 per share paid in fiscal 2012. Full Article
General Mills Inc Reaffirms FY 2013 EPS Guidance
General Mills Inc reaffirmed fiscal 2013 and expects adjusted diluted earnings per share of approximately $2.65. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.67 for fiscal 2013. Full Article
General Mills Inc Declares Quarterly Dividend
General Mills Inc announced that it has declared a quarterly dividend at the prevailing rate of $0.33 per share, payable November 1, 2012, to shareholders of record October 10, 2012. Full Article
General Mills Inc Reaffirms FY 2013 EPS Guidance
General Mills Inc reaffirmed fiscal 2013 EPS guidance of approximately $2.65, excluding mark-to-market effects, the net tax benefit, and restructuring and integration costs. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.66 for fiscal 2013. Full Article
General Mills Inc Reaffirms FY 2013 Guidance-Conference Call
General Mills Inc announced that for fiscal 2013, it expects mid-single-digit growth in sales and operating profits. The Company expects adjusted diluted earnings per share (EPS) will grow to approximately $2.65, including headwinds from pension expense, tax, and the Yoki acquisition costs. The Company reported revenues of $16.658 billion in fiscal 2012. Full Article
General Mills, Inc. Completes Acquisition Of Yoki Alimentos SA
General Mills, Inc. announced the completion of its acquisition of Yoki Alimentos SA. Full Article
General Mills profit beats estimates on volume gain
- General Mills Inc reported better-than-expected third-quarter earnings on Wednesday after sales volume of its core brands rose for the first time in two years, a good sign for the U.S. packaged food industry.
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