General Mills (NYS: GIS) reported earnings on June 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 27 (Q4), General Mills met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Gross margins dropped, operating margins improved, net margins shrank.
General Mills logged revenue of $4.07 billion. The 13 analysts polled by S&P Capital IQ anticipated revenue of $4.11 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $3.63 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The 18 earnings estimates compiled by S&P Capital IQ averaged $0.59 per share. GAAP EPS of $0.49 for Q4 were 2.1% higher than the prior-year quarter's $0.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.8%, 70 basis points worse than the prior-year quarter. Operating margin was 15.7%, 100 basis points better than the prior-year quarter. Net margin was 8.0%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.15 billion. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $17.48 billion. The average EPS estimate is $2.75.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,100 members out of 1,162 rating the stock outperform, and 62 members rating it underperform. Among 316 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 303 give General Mills a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Mills is outperform, with an average price target of $42.06.
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The article General Mills Beats Analyst Estimates on EPS originally appeared on Fool.com.
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