General Mills (NYS: GIS) reported earnings on June 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 27 (Q4), General Mills met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.


Gross margins dropped, operating margins improved, net margins shrank.

Revenue details
General Mills logged revenue of $4.07 billion. The 13 analysts polled by S&P Capital IQ anticipated revenue of $4.11 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $3.63 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.60. The 18 earnings estimates compiled by S&P Capital IQ averaged $0.59 per share. GAAP EPS of $0.49 for Q4 were 2.1% higher than the prior-year quarter's $0.48 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.8%, 70 basis points worse than the prior-year quarter. Operating margin was 15.7%, 100 basis points better than the prior-year quarter. Net margin was 8.0%, 80 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.15 billion. On the bottom line, the average EPS estimate is $0.68.

Next year's average estimate for revenue is $17.48 billion. The average EPS estimate is $2.75.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,100 members out of 1,162 rating the stock outperform, and 62 members rating it underperform. Among 316 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 303 give General Mills a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on General Mills is outperform, with an average price target of $42.06.

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The article General Mills Beats Analyst Estimates on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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