Categories AlphaGraphs, Earnings

General Mills (NYSE: GIS): Q2 2020 Earnings Snapshot

— General Mills (NYSE: GIS) reported adjusted earnings of $0.95 per share for the second quarter of 2020, vs. $0.88 per share expected.

General Mills (NYSE: GIS): Q2 2020 Earnings Snapshot

— Net earnings attributable to the company surged to $581 million or $0.95 per share from $343 million or $0.57 per share last year

— At $4.4 billion, net sales were unchanged from last year, vs. $4.43 billion expected; organic net sales increased 1%

— Gross margin rose by 130 basis points to 35.5%; adjusted gross margin moved up 80 basis points

— Expects full-year 2020 organic net sales to grow in the 1-2% range; sees adjusted operating profit rising between 2% and 4%

— Expects adjusted earnings to increase in the range of 3% to 5%; looking for free cash flow conversion of at least 105% of adjusted after-tax earnings

We’re on Apple News! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO

Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top