General Mills (GIS) Tops Q4 EPS by 7c
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General Mills Reports Fourth-Quarter and Full-Year Results for Fiscal 2021 and Provides Fiscal 2022 Outlook
June 30, 2021 7:00 AM EDTFull Year Highlights
Net sales of $18.1 billion increased 3 percent from the prior year; organic net sales¹ were up 4 percent. Operating profit increased 6 percent to $3.1 billion; constant-currency adjusted operating profit was up 2 percent. Diluted EPS of $3.78 were up 6 percent; adjusted diluted EPS of $3.79 increased 4 percent in constant currency. The company resumed dividend growth and share repurchase activity; total cash returned to shareholders increased 29 percent to $1.5 billion.Fourth Quarter Highlights
Net sales declined 10 percent to $4.5 billion and... More