- General Mills Inc GIS has updated its financial outlook for FY22, considering the evolving operating environment and the recent completion of its pet treats acquisition.
- The company expects FY22 organic net sales towards the higher end of the prior range of down 1% to 3%, reflecting stronger-than-expected sales performance in Q1.
- General Mills sees constant-currency adjusted operating profit towards the higher end of the prior range of down 2% to 4%.
- Constant-currency Adjusted EPS towards the higher end of the prior range of flat to down 2%, mainly due to the impact of the recent pet treats acquisition, which is estimated to add $0.02 to adjusted EPS.
- General Mills will report Q1 FY22 results on September 22, 2021.
- Price Action: GIS shares are trading higher by 4.49% at $59.34 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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