PR Newswire
MINNEAPOLIS, March 20, 2019
MINNEAPOLIS, March 20, 2019 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the third quarter ended February 24, 2019. Financial results for the third quarter and first nine months of fiscal 2019 include contributions from Blue Buffalo Pet Products, Inc. ("Blue Buffalo"), which was acquired on April 24, 2018.
"We had a strong third quarter, with positive organic sales growth and significant operating margin expansion," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "Our year-to-date performance and fourth-quarter plans give us confidence that we will meet or exceed all of our key fiscal 2019 targets. For the full year, we now expect adjusted diluted EPS and free cash flow conversion will exceed our initial targets, net sales will finish toward the lower end of our guidance range, and adjusted operating profit will finish toward the higher end of the range. Our improved execution and strengthened performance this year reinforce our view that a balanced approach to top and bottom-line growth, centered on our Consumer First strategy, will drive long-term value for our shareholders."
General Mills is pursuing its Consumer First strategy and executing against its three key global growth priorities to drive consistent topline growth: 1) competing effectively through strong innovation, effective consumer marketing, and excellent in-store execution; 2) accelerating growth on its four differential growth platforms including Häagen-Dazs ice cream, snack bars, Old El Paso Mexican food, and its portfolio of natural and organic food brands; and 3) reshaping its portfolio through growth-enhancing acquisitions and divestitures, including the acquisition of Blue Buffalo, the leading brand in the fast-growing wholesome natural pet food category in the U.S. By combining consistent topline growth, margin expansion, and disciplined cash conversion and cash returns, General Mills expects to generate top-tier total shareholder returns over the long term.
Third Quarter Results Summary
Nine Month Results Summary
Operating Segment Results
Components of Fiscal 2019 Reported Net Sales Growth ARIVA.DE Börsen-GeflüsterWerbung Weiter abwärts?
Vontobel
Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie hier: VM0GUK,. Beachten Sie auch die weiteren Hinweise zu dieser Werbung. Der Emittent ist berechtigt, Wertpapiere mit open end-Laufzeit zu kündigen.
Kurse | ||||||||||||||
Third Quarter | Volume | Price/Mix | Foreign | Reported | ||||||||||
North America Retail | (2) pts | 2 pts | -- | Flat | ||||||||||
Convenience Stores & Foodservice | (2) pts | 5 pts | -- | 3% | ||||||||||
Europe & Australia | (4) pts | 2 pts | (6) pts | (8)% | ||||||||||
Asia & Latin America | 2 pts | 4 pts | (8) pts | (2)% | ||||||||||
Pet | -- | -- | -- | -- | ||||||||||
Total | 5 pts | 5 pts | (2) pts | 8% | ||||||||||
Nine Months | | | | | ||||||||||
North America Retail | (3) pts | 2 pts | (1) pt | (2)% | ||||||||||
Convenience Stores & Foodservice | (2) pts | 4 pts | -- | 2% | ||||||||||
Europe & Australia | (2) pts | 2 pts | (3) pts | (3)% | ||||||||||
Asia & Latin America | 3 pts | 4 pts | (8) pts | (1)% | ||||||||||
Pet | -- | -- | -- | -- | ||||||||||
Total | 4 pts | 5 pts | (2) pts | 7% |
Components of Fiscal 2019 Organic Net Sales Growth | ||||||
Third Quarter | Organic | Organic | Organic | Foreign | Acquisitions & | Reported |
North America Retail | (2) pts | 2 pts | Flat | -- | -- | Flat |
Convenience Stores & Foodservice | (2) pts | 5 pts | 3% | -- | -- | 3% |
Europe & Australia | (4) pts Werbung Mehr Nachrichten zur General Mills Inc. Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |