General Mills Reports Strong Fiscal 2021 First-Quarter Results and Announces Dividend Increase
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General Mills (GIS) Tops Q1 EPS by 13c, Revenues Beat
September 23, 2020 7:02 AM EDTGeneral Mills (NYSE: GIS) reported Q1 EPS of $1.00, $0.13 better than the analyst estimate of $0.87. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.2 billion.
Net sales increased 9 percent to $4.4 billion; organic net sales1 were up 10 percentOperating profit increased 29 percent to $854 million; constant-currency adjusted operating profit was up 22 percentDiluted earnings per share (EPS) totaled $1.03, up 21 percent from the prior year; adjusted diluted EPS of $1.00 increased 27 percent in constant currencyCompany announces 4 percent quarterly dividend increase to $0.51 per shareWe continued to drive exceptional results this... More
