General Mills Reaffirms Goals For Fiscal 2015

MarketWatch Pulse

General Mills Inc. on Tuesday reaffirmed its financial goals for fiscal 2015, predicting that net sales based on constant currency levels would rise in the low single digits from $17.9 billion in fiscal 2014. In a statement issued ahead of a presentation at the Consumer Analyst Group of New York investor conference, the food company said it expects segment operating profit in constant currency to decline at a low single-digit rate from 2014, when it came to $3.15 billion. Adjusted per-share earnings based on constant currency are expected to grow at a low single-digit rate from $2.82 in fiscal 2014. Shares were not yet active in premarket trade, but have gained 2.2% in the last three months, while the S&P 500 has gained 2.7%.

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