General Mills Warns 2014 EPS Will Fall to Low-End of Range

Cheerios and Pizza Rolls parent General Mills (NYSE:GIS) reaffirmed its fiscal 2014 earnings guidance on Tuesday but warned the devaluation of the Venezuelan bolivar would likely put results at the low end of the range.

For the period ending May 25, the Minneapolis-based branded consumer foods manufacturer is anticipating non-GAAP earnings between $2.87 and $2.90 a share.

Analysts on average are calling for adjusted EPS of $2.88, according to a Thomson Reuters poll.

Shares of General Mills were down 0.56% to $49.61 in recent trade.