General Mills Reports Fourth-Quarter and Full-Year Results for Fiscal 2022 and Provides Fiscal 2023 Outlook
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General Mills (GIS) Tops Q4 EPS by 11c
June 29, 2022 7:02 AM EDTGeneral Mills (NYSE: GIS) reported Q4 EPS of $1.12, $0.11 better than the analyst estimate of $1.01. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.8 billion.
Fiscal 2023 Outlook:
General Mills expects the largest factors impacting its performance in fiscal 2023 will be the economic health of consumers, the inflationary cost environment, and the frequency and severity of disruptions in the supply chain. The company anticipates double-digit inflation on its cost of goods sold in fiscal 2023 and is addressing inflation headwinds with HMM cost savings and net price realization... More
