trending Market Intelligence /marketintelligence/en/news-insights/trending/ESVtcQ0BahrD28PTUFl0Ag2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

General Mills confirms FY'20 guidance as Q2 earnings beat Street estimates

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

General Mills confirms FY'20 guidance as Q2 earnings beat Street estimates

General Mills Inc. on Dec. 18 reaffirmed its guidance for fiscal 2020 after posting second-quarter earnings that exceeded analysts' expectations.

For the three months ended Nov. 24, adjusted EPS rose to 95 cents from 85 cents in the year-ago period, beating the S&P Global Market Intelligence consensus normalized EPS estimate of 88 cents. At constant currency, adjusted EPS increased 11%.

The company reported that adjusted attributable net earnings increased to $580 million from $512.4 million in the second fiscal quarter of 2019.

Net sales were flat year over year at $4.42 billion, while organic sales grew 1%. The increase was driven by General Mills' pet segment, which posted a 16% rise in net sales. Sales were flat in its North America retail arm and in its convenience stores and foodservice unit. Meanwhile, sales in its Europe & Australia segment and its Asia & Latin America segment both decreased by 5%.

Adjusted operating profit rose 7% at constant currency to $813 million and adjusted operating margin was 18.4%.

General Mills reaffirmed its forecast for adjusted diluted EPS growth of 3% to 5% for the full year and organic net sales growth of 1% to 2%. It raised its free cash flow conversion expectations to at least 105% of adjusted post-tax earnings.

Shares of the Minneapolis-based food company were up 1.5% at $52.98 in morning trading in New York.