General Mills: Reaffirms Fiscal 2019 Outlook

Minneapolis / MN. (gm) General Mills Inc. reaffirmed its key financial targets for the fiscal year ending May 26, 2019. Net sales are expected to increase 9 to 10 percent from fiscal 2018 levels, with organic net sales ranging between flat and up 1 percent. Constant- currency adjusted operating profit is expected to increase 6 to 9 percent. Fiscal 2019 adjusted diluted earnings per share – which excludes certain items affecting comparability – are expected to range between flat and down 3 percent in constant currency – the company announced in conjunction with discussions at the Barclays Global Consumer Staples Conference this week.