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General Mills Posts Q4 Mostly In-Line, Issues FY 2012 Guidan
General Mills Posts Q4 Mostly In-Line,  Issues FY 2012 Guidan
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General Mills Posts Q4 Mostly In-Line, Issues FY 2012 Guidan
General Mills (NYSE:GIS) reported Q4 EPS of $0.52 today, in-line with the consensus estimate. Revenues for the quarter grew 3% year-over-year to $3.63 billion, just under the consensus estimate for $3.67 billion.Chairman and Chief Executive Officer Ken Powell said, "This past year represented a challenging operating environment for food manufacturers, as we experienced the return and rapid acceleration of cost inflation for various food ingredients and energy. We’re generally pleased with our 2011 sales and profit results, which met the key targets we set for the year and represent performance consistent with our long-term growth model."The company sees 2012 EPS of $2.60 to $2.62, vs. the consensus estimate for $2.68 per share, on mid-single digit revenue growth over fiscal 2011.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: June 30, 2011
Date Produced: June 30, 2011
View Count: 0
 
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