In fiscal 3Q17, General Mills (GIS) posted a gross margin, EBITDA margin, and net margin of 34.9%, 20.7%, and 11.2%, respectively.
In fiscal 3Q17, General Mills posted revenue of $3.79 billion—a fall of 5.2% from $4 billion in fiscal 3Q16.
General Mills (GIS) reported its fiscal 3Q17 earnings on March 21, 2017. The results are for a three-month period ending on February 26, 2017.
On March 22, 2017, Darden Restaurants (DRI) was trading at $77.0, but this share price may have already factored in our estimates.
On March 22, 2017, Darden was trading at a PE multiple of 18.1x, as compared to 18.3x before the announcement of its fiscal 2Q17 earnings.
Analysts are expecting Darden to post EPS of $1.28 in fiscal 3Q17, which would represent a growth of 5.8% from $1.21 in fiscal 3Q16.
For fiscal 3Q17, analysts are expecting Darden Restaurants (DRI) to post EBIT of $226.5 million, which would represent an EBIT margin of 12.1%.
Darden Restaurants’ (DRI) revenue includes sales from all seven of its brands. The majority of its fiscal 2Q17 revenue, or 55.7%, came from Olive Garden.
After posting its fiscal 2Q17 results, Darden reaffirmed its SSSG guidance for fiscal 2017 to be in the range of 1%–2%, with EPS to be $3.87–$3.97.
Nike’s (NKE) stock plunged over 7% on Wednesday, March 23, a day after the company reported mixed results for fiscal 3Q17.
Analysts’ recommendations have changed in FedEx’s (FDX) favor after its 3Q17 results.
In 3Q17, the company incurred a capex of $1.1 billion, which represents 7.4% of the 3Q17 total revenues of ~$15.0 billion.
The FedEx Ground segment’s revenues rose 6% from $4.4 billion in 3Q16 to $4.7 billion in fiscal 3Q17.
The FedEx Freight segment revenues rose 3.1% from $1.4 billion in 3Q16 to $1.5 billion in fiscal 3Q17.
FedEx’s (FDX) overall operating margin on a reported basis was 6.8% in 3Q17, almost flat on a year-over-year basis.
In 3Q17, FedEx’s (FDX) Express segment reported revenue of $6.7 billion as compared to $6.5 billion in 3Q16.
FedEx (FDX) reported adjusted EPS (earnings per share) of $2.35 in 3Q17, missing analysts’ consensus estimate of $2.61 per share by 10.1%.
In this article, we’ll talk about the performances of Nike’s (NKE) key brands, Nike and Converse, and their key geographies.
Nike reported a 23.6% year-over-year rise in its earnings per share (or EPS) to $0.68 during fiscal 3Q17. The company outperformed Wall Street analysts’ estimate by a huge margin.
As discussed, Nike reported its fiscal 3Q17 results on March 21, 2017. Its top line rose 5% YoY (year-over-year) to $8.4 billion, missing analysts’ consensus estimate by ~$30 million.