LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors.com has just released a free earnings report on General Mills, Inc. (NYSE: GIS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GIS. The Company posted its financial results on December 20, 2017, for the second quarter of the fiscal year 2018. The branded consumer foods manufacturer and marketer's revenue surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, General Mills most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended November 26, 2017, General Mills' total revenues increased 2.1% to $4.20 billion from $4.11 billion in Q2 FY17. The Company's revenue numbers surpassed analysts' expectations of $4.08 billion.

For the reported quarter, the Company's gross profit decreased 5% to $1.44 billion from $1.52 billion in Q2 FY17. For the reported quarter, the Company's operating margin decreased 260 basis points to 34.4% of revenue from 37% of revenue in Q2 FY17. For the reported quarter, the Company's adjusted gross margin decreased 240 basis points to 34.4% of revenue from 36.8% of revenue in Q2 FY17.

For the reported quarter, the Company's operating income decreased 5.1% to $729.8 million from $768.9 million in Q2 FY17. For the reported quarter, the Company's operating margin decreased 130 basis points to 17.4% of revenue from 18.7% of revenue in Q2 FY17. For the reported quarter, the Company's adjusted operating margin decreased 220 basis points to 17.4% of revenue from 19.6% of revenue in Q2 FY17.

During Q2 FY18, General Mills' earnings before tax (EBT) decreased 5.6% to $654.9 million from $693.4 million in the same period of last year.

For the reported quarter, General Mills' net income decreased 10.6% to $430.5 million from $481.8 million in Q2 FY17. During Q2 FY18, the Company's diluted earnings per share (EPS) decreased 7.5% to $0.74 from $0.80 in the comparable period of last year. For the reported quarter, General Mills' adjusted net income decreased 7% to $474.7 million from $510 million in Q2 FY17. During Q2 FY18, the Company's adjusted diluted EPS decreased 4% to $0.82 from $0.85 in Q2 FY17, and was in-line with analysts' expectations of $0.82.

Segment Details

North America Retail - During Q2 FY18, the Company's North America Retail segment's net revenue increased 0.8% to $2.77 billion from $2.75 billion in the corresponding period of last year. For the reported quarter, the segment's operating margin decreased 120 basis points to 22.5% of revenue from 23.7% of revenue in Q2 FY17.

Convenience Stores & Foodservice - During Q2 FY18, the Company's Convenience Stores & Foodservice segment's net revenue increased 5.1% to $512.2 million from $487.5 million in the same period of last year. For the reported quarter, the segment's operating margin decreased 160 basis points to 20.8% of revenue from 22.4% of revenue in Q2 FY17.

Europe & Australia - During Q2 FY18, the Company's Europe & Australia segment's net revenue increased 7.3% to $466.7 million from $435.1 million in the comparable period of last year. For the reported quarter, the segment's operating margin decreased 370 basis points to 5.8% of revenue from 9.5% of revenue in Q2 FY17.

Asia & Latin America - During Q2 FY18, the Company's Asia & Latin America segment's net revenue increased 1.7% to $448 million from $440.7 million in the corresponding period of last year. For the reported quarter, the segment's operating margin decreased 290 basis points to 3.7% of revenue from 6.6% of revenue in Q2 FY17.

Balance Sheet

As on November 26, 2017, General Mills' cash and cash equivalents increased 25.6% to $962.1 million from $766.1 million as on May 28, 2017. For the reported quarter, the Company's long-term debt increased 7.6% to $8.23 billion from $7.64 billion in Q4 FY17.

For the reported quarter, the Company's receivables increased 5.6% to $1.51 billion from $1.43 billion in Q4 FY17. For the reported quarter, the Company's accounts payable increased 16.4% to $2.47 billion from $2.12 billion in Q4 FY17.

During H1 FY18, the Company's net cash provided by operating activities increased 45.2% to $1.57 billion from $1.08 billion in the same period of last year. During H1 FY18, the Company's free cash flow increased 71.9% to $1.31 billion from $760.4 million in H1 FY17.

On December 20, 2017, the Company's Board of Directors declared a quarterly dividend of $0.49 per share, payable on February 01, 2018, to shareholders of record as of January 10, 2018.

Outlook

For FY18, the Company expects organic net revenue growth rate to be in the range of 0% - negative 1%, and adjusted diluted EPS growth rate to be in the band of 1% - 2%.

Stock Performance Snapshot

January 10, 2018 - At Wednesday's closing bell, General Mills' stock declined 1.16%, ending the trading session at $58.63.

Volume traded for the day: 3.09 million shares.

Stock performance in the last month ? up 5.00%; previous three-month period ? up 15.07%; and past twelve-month period ? up 9.71%

After yesterday's close, General Mills' market cap was at $33.50 billion.

Price to Earnings (P/E) ratio was at 21.47.

The stock has a dividend yield of 3.34%.

The stock is part of the Consumer Goods sector, categorized under the Processed & Packaged Goods industry.

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