General mills reports q3 adjusted eps $0.77

General mills reports fiscal 2020 third-quarter results and updates full-year guidance.q3 adjusted earnings per share $0.77.q3 earnings per share estimate $0.76 -- refinitiv ibes data.third-quarter net sales for pet segment increased 11 percent to $384 million.q3 results were broadly in line with our expectations, except for negative impact in asia of covid-19 virus outbreak.general mills - q3 net sales for general mills’ north america retail segment totaled $2.50 billion , down 1 percent from prior year.impact of recent covid-19 virus outbreak on company's full-year fiscal 2020 results is still uncertain.general mills - q3 net sales for convenience stores & foodservice segment declined 2 percent to $465 million.for q4 of fiscal 2020, general mills expects to see a step up in organic net sales growth.general mills - most significant element of uncertainty in fy outlook is intensity, duration of increased demand for food at home across all major markets.fy 2020 constant-currency adjusted eps are now expected to increase 6 to 8 percent from base of $3.22 earned in fiscal 2019.general mills - co’s fy 2020 outlook assumes its supply chain continues to operate with minimal disruption for remainder of fiscal 2020.2020 organic net sales are still expected to increase 1 to 2 percent.continues to expect free cash flow conversion of at least 105 percent of adjusted after-tax earnings in 2020.
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