Higher Profitability Offsets an Organic Sales Slip at General Mills
After emphasizing a vigorous plan to lift top-line sales during its annual investor day in July, General Mills (NYSE: GIS) fell short of its own goals in the first quarter of its new fiscal 2020 year. The company's financial statements, issued Wednesday before markets opened for trading, did reveal healthy profit, however, and management stressed that the full-year outlook for the consumer packaged-foods conglomerate is still intact.
As we parse the company's earnings release below, note that all comparison numbers refer to those of the prior-year quarter.
EPS = earnings per share. Data source: General Mills.
Source Fool.com
