General Mills (GIS) Tops Q4 EPS by 6c
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General Mills Reports Results for Fiscal 2020 and Outlines Fiscal 2021 Priorities
July 1, 2020 7:00 AM EDTFourth Quarter Highlights
Net sales increased 21 percent to $5.0 billion and organic net sales¹ were up 16 percent, primarily reflecting a significant increase in at-home food demand driven by the COVID-19 pandemic. Operating profit of $830 million increased 16 percent; constant-currency adjusted operating profit was up 24 percent. Diluted earnings per share (EPS) of $1.02 were up 9 percent; adjusted diluted EPS of $1.10 increased 33 percent in constant currency.Full Year Highlights
Net sales of $17.6 billion increased 5 percent from the prior year; organic net sales were up 4 percent. Operating profit... More