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General Mills Inc  (GIS)
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    Sector  Consumer Non Cyclical    Industry Food Processing


Income Increased by 10.79 %, Sales Lower

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General Mills Inc announced forth quarter 2017 operating income of $609.2 millions, company raises it's earnings guidance.

Despite soft demand in the forth quarter 2017, company managed to increase it's earnings per share, eps grew by 10.79 % to $0.69 per share while Sales fell by -3.09 % to $3.81 billions, year on year.

Looking into results from previous quarter Sales increased by 0.35 % from $3.79 billions and income per share increased by 12.8 % from $0.61 per share.
Sales fell at International -11.26%, while revenue growth was achieved at U.S. Retail +3.56%, Bakeries or Foodservice +0.99%.
U.S. Retail segment with 37.73% is solely responsible for the income gain, General Mills Inc continued, while company logged declining profits in Bakeries or Foodservice -8.59%, International -19.86%. Earnings grew 0.63 % to $416 millions for the forth quarter 2017, compare to income of $413 millions achieved a year before. General Mills Inc also emphasized it's improving profit margins, where net margin rose to 10.92% in forth quarter 2017, and operating margin edged up to 16%. Company said it sees now it's eps between $2.07 and $2.07, an improvement by $0.05 compare to previous guidance.
Looking into financial results for the fiscal year 2017, General Mills Inc reported Sales of $15.62 billions and net income of $1.70 billions.

Food Processing Company explained also, that Eps remained unchanged by 0 % to $2.77 per share from $2.77 in the previous fiscal year, while Sales decreased by -5.7 % from $16.56 billions a year ago.

General Mills Inc is expected to report next financial results on September 21, 2017.
Other GIS's Earnings Reports

General Mills Inc reported third quarter 2017 earnings

General Mills Inc reported second quarter 2016 earnings

General Mills Inc reported first quarter 2016 earnings

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