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General Mills Inc (GIS.N)

GIS.N on New York Stock Exchange

53.65USD
22 Nov 2017
Change (% chg)

$0.13 (+0.24%)
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Latest Key Developments (Source: Significant Developments)

Soros Fund Management cuts share stake in Facebook and Twitter, ups in Microsoft
Tuesday, 14 Nov 2017 05:24pm EST 

Nov 14 (Reuters) - Soros Fund Management::Soros Fund Management cuts share stake in Facebook Inc by 77.0 percent to 109,451 class A shares - SEC Filing.Soros Fund Management ups share stake in Microsoft Corp from 4,000 shares to 103,000 shares.Soros Fund Management dissolves share stake in Wendys Co.Soros Fund Management ups share stake in General Mills Inc by 20.5 percent to 440,493 shares.Soros Fund Management ups share stake in Coty Inc from 132,900 class a shares to 390,000 class A shares.Soros Fund Management ups share stake in Mondelez International Inc by 29.3 percent to 1.8 million class A shares.Soros Fund Management cuts share stake in Twitter Inc by about 24 percent to 18,400 shares ‍​.Soros Fund Management - Change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017 .  Full Article

General Mills reaffirms guidance for fiscal 2018
Tuesday, 14 Nov 2017 08:00am EST 

Nov 14 (Reuters) - General Mills Inc :General Mills reaffirms guidance for fiscal 2018.General Mills Inc - ‍second-quarter adjusted gross margin and adjusted operating profit margin are expected to be below last year​.General Mills - Q2 ‍2018 constant-currency segment operating profit, adjusted diluted eps also expected to be below year-ago levels in Q2​.General Mills-‍significant improvement in Q2 organic net sales trends versus Q1, driven by improvement in retail sales trends in u.s. Measured outlets​.FY2018 earnings per share view $3.08, revenue view $15.46 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.83, revenue view $4.07 billion -- Thomson Reuters I/B/E/S.  Full Article

General Mills says elected Jeffrey Harmening to serve as chairman of board
Wednesday, 8 Nov 2017 09:27am EST 

Nov 8 (Reuters) - General Mills Inc :General Mills - ‍on Nov 6, board of General Mills Inc elected Jeffrey Harmening to serve as chairman of board, effective January 1, 2018 - SEC filing​.General Mills - Kendall Powell will retire from the board and from his role as chairman of the board on December 31, 2017.General Mills - Jeffrey Harmening will continue to serve as the Chief Executive Officer.  Full Article

General Mills issues voluntary recall of Cascadian Farm Organic Cinnamon Raisin Granola cereal
Monday, 9 Oct 2017 02:30pm EDT 

Oct 10 (Reuters) - General Mills Inc ::General Mills issues voluntary recall of Cascadian Farm Organic Cinnamon Raisin Granola cereal.General Mills Inc - ‍There have been no reports of illness​.General Mills - ‍Cascadian Farm Organic Cinnamon Raisin Granola cereal produced on July 15, 16, is being recalled because product may contain almonds.  Full Article

General Mills says ‍board of directors declared a quarterly dividend at prevailing rate of $0.49 per share​
Tuesday, 26 Sep 2017 05:00pm EDT 

Sept 26 (Reuters) - General Mills Inc :General Mills Inc - ‍board of directors declared a quarterly dividend at prevailing rate of $0.49 per share​.  Full Article

General Mills reports Q1 adjusted non-GAAP EPS of $0.71
Wednesday, 20 Sep 2017 07:00am EDT 

Sept 20 (Reuters) - General Mills Inc :General mills reports fiscal 2018 first-quarter results.Q1 adjusted non-GAAP earnings per share $0.71.Q1 earnings per share view $0.76 -- Thomson Reuters I/B/E/S.Q1 sales $3.8 billion versus I/B/E/S view $3.79 billion.Q1 earnings per share $0.69.General Mills Inc - ‍company reaffirms fiscal 2018 full-year outlook​.General Mills Inc qtrly net sales for General Mills' North America retail segment ‍totaled $2.44 billion, down 5 percent from prior year​.General Mills Inc - ‍first-quarter net sales for convenience stores & foodservice segment were essentially flat to year-ago levels at $447 million​.General Mills Inc - ‍restructuring, impairment, and other exit costs totaled $5 million in quarter compared to $59 million a year ago​.General Mills Inc - ‍company now estimates currency translation will be a 1 cent benefit to full-year fiscal 2018 adjusted diluted EPS​.General Mills -‍ anticipated a slow start to year on bottom line, and co continues to expect sequential improvement in profitability in coming quarters​.FY2018 earnings per share view $3.10, revenue view $15.36 billion -- Thomson Reuters I/B/E/S.  Full Article

General Mills reaffirms guidance for fiscal 2018
Thursday, 7 Sep 2017 07:00am EDT 

Sept 7 (Reuters) - General Mills Inc ::General Mills reaffirms guidance for fiscal 2018.FY 2018 earnings per share view $3.11, revenue view $15.33 billion -- Thomson Reuters I/B/E/S.  Full Article

General Mills CEO - We've pulled back too far on investments in some key categories in FY2017
Wednesday, 28 Jun 2017 11:51am EDT 

June 28 (Reuters) - General Mills :CEO - we've pulled back too far on investments in some key categories and our overall execution was not up to our normal standards in fy2017.CEO - Q4 U.S. Meals & baking net sales decreased 1% hurt by declines in pillsbury refrigerated dough.CFO - " U.S. Industry trends in last few quarters have been challenging, not planning for a significant turnaround in those trends this year".CEO- began to see some improvement in our u.s. Retail sales trends in Q4.CEO- saw improvement in retail sales trends driven by strong merchandising execution and lower price, expect to drive further improvement over fy 2018.CEO- Oui yogurt pricing is premium but affordable.CEO- moderating pace of margin expansion as we focus on topline growth.CEO- " missed the mark last year on promotional spending, on soup and refrigerated dough. So in fy18 our goal is to be in the zone on pricing during the key season".CEO- "we're not looking to win on price... But we know we need to be more competitive this year".CEO- " all of our major customers have e-commerce components. ..there are a variety of customers who participate in e-commerce and so it's not going to be just one winner".CEO on Amazon-Whole Foods deal- "we've got great relationships with Amazon, and with Whole Foods...we feel like we're pretty well positioned".  Full Article

General Mills reports Q4 earnings per share $0.69
Wednesday, 28 Jun 2017 06:57am EDT 

June 28 (Reuters) - General Mills Inc :General Mills reports fourth-quarter and full-year fiscal 2017 results; provides 2018 outlook.Q4 adjusted non-GAAP earnings per share $0.73.Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.Q4 earnings per share $0.69.General Mills Inc - Fourth-quarter net sales for General Mills' North America retail segment totaled $2.39 billion, down 3 percent from prior year.General Mills Inc - General Mills board of directors declared a quarterly dividend of $0.49 per share, payable August 1, 2017.FY 2018 organic net sales are expected to decline 1 to 2 percent..General Mills - Sees 2018 constant-currency adjusted diluted eps is expected to increase 1 to 2 percent from base of $3.08 earned in fiscal 2017.General Mills Inc - FY 2018 constant-currency total segment operating profit is expected to be in a range between flat and up 1 percent.General Mills Inc - Quarterly dividend of $0.49 per share represents an increase of 2 percent from previous quarterly rate of $0.48 per share.General Mills Inc - FY 2018 adjusted operating profit margin is expected to be above year-ago levels.General Mills Inc - Company estimates a 1 cent headwind from currency translation on full-year fiscal 2018 adjusted diluted EPS..General Mills Inc- Restructuring, impairment, and other exit costs totaled $183 million in 2017 compared to $151 million in 2016.General Mills Inc - "Results on topline fell well short of our standards" for fiscal 2017.  Full Article

General Mills signs deal with Renewable Energy Systems
Thursday, 8 Jun 2017 09:00am EDT 

June 8 (Reuters) - General Mills Inc ::General Mills Inc says signing of a virtual 15-year power purchase agreement with Renewable Energy Systems for 100-mw of its Cactus Flats wind project.  Full Article

BRIEF-General Mills reaffirms guidance for fiscal 2018

* General Mills Inc - ‍second-quarter adjusted gross margin and adjusted operating profit margin are expected to be below last year​