General Mills Reaffirms Goals For Fiscal 2015
NEW YORK – 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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