Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience


Pricing
Go Premium Now
Login
Best Dividend Stocks
Ex-Dividend Dates
High Yield Stocks
Strategies
Tools
Articles
Premium
Advisors
Guaranteed Income

General Mills blue logo

News

General Mills Reports Lower Q3 Results; Beats Views (GIS)

Shauna O'Brien Mar 18, 2015


Before Wednesday’s opening bell, General Mills (GIS ) reported lower results for its third quarter, but still beat analysts’ expectations.


GIS’s Earnings in Brief


  • GIS reported net income of $343.2 million, or 56 cents per share, down from $410.6 million, or 64 cents per share, last year.
  • Excluding special items, EPS was 70 cents – above analysts’ estimate of 67 cents per share.
  • Revenue declined 1% to $4.35 billion from $4.38 billion. Analysts expected to see revenue of $4.35 billion.
  • Looking forward, GIS expects to FY2015 adjusted earnings to grow at a low-single-digit rate. Analysts expect to see EPS of $2.82.


CEO Commentary


General Mills Chairman and Chief Executive Officer Ken Powell commented: “Our third-quarter results reflect strengthened operating performance. Our U.S. Retail segment posted net sales and profit growth including contributions from the Annie’s business acquired in October 2014. Constant-currency net sales and profit growth accelerated for our International segment. And the Convenience Stores and Foodservice segment led our operating results, with sales up 6 percent and profit up 11 percent.”


GIS’s Dividend


General Mills will pay its next 44 cent dividend on May 1. The stock is going ex-dividend on April 8.

GIS Dividend Snapshot

As of market close on March 17, 2015


GIS dividend yield annual payout payout ratio dividend growth


Click here to see the complete history of GIS dividends.


Stock Performance


Shares of GIS were up 47 cents, or 0.90% during premarket trading Wednesday. The stock is down 2.4% YTD.


The Bottom Line


General Mills (GIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Popular Articles