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General Mills, Inc. Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance Below Analysts' Estimates


Wednesday, 27 Jun 2012 07:00am EDT 

General Mills, Inc. announced that for fiscal 2013, it expects net sales to grow at a mid-single-digit rate. The fiscal 2013 guidance provided above does not include any contribution from the anticipated acquisition of Yoki Alimentos, S.A., a Brazilian food company. General Mills expects this transaction will close during the first half of 2013. The Company estimates adjusted diluted EPS for fiscal 2013 will total approximately $2.65. This includes an estimated 2 to 3-cents per share drag from partial-year results for Yoki. Adjusted diluted EPS excludes one-time integration costs, mark-to-market valuation of certain commodity positions and restructuring expenses. The Company reported revenues of $$16.658 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $17.483 billion and EPS of $2.75 for fiscal 2012. 

Company Quote

52.09
-0.17 -0.33%
17 Apr 2014