General Mills (GIS) reported earnings on Wed 19 Dec 18 (b/o)

** charts before earnings **

 

** charts after earnings **

General Mills beats by $0.04, misses on revs; reaffirms FY19 EPS guidance

• Reports Q2 (Nov) earnings of $0.85 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $0.81; revenues rose 5.0% year/year to $4.41 bln vs the $4.51 bln S&P Capital IQ Consensus.
• Gross margin decreased 20 basis points to 34.2 percent of net sales.
• Co reaffirms guidance for FY19, sees EPS of down 0-3% to ~$3.02-3.11 vs. $3.06 S&P Capital IQ Consensus; sees FY19 revs of 9-10% to $17.16-17.31 bln, may not be comparable to $17.06 bln S&P Capital IQ Consensus.