General Mills (GIS) Tops Q4 EPS by 5c, Revenue Misses Consensus

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Go back to General Mills (GIS) Tops Q4 EPS by 5c, Revenue Misses Consensus

General Mills Reports Fiscal 2023 Fourth-quarter and Full-year Results and Provides Fiscal 2024 Outlook

June 28, 2023 7:00 AM EDT

General Mills Board of Directors Declares Nine Percent Dividend Increase

Full Year Highlights

Net sales of $20.1 billion increased 6 percent from the prior year; organic net sales1 were up 10 percent Operating profit of $3.4 billion was down 1 percent; adjusted operating profit of $3.46 billion was up 8 percent in constant currency Diluted earnings per share (EPS) of $4.31 was down 2 percent from the prior year; adjusted diluted EPS of $4.30 was up 10 percent in constant currency

Fourth Quarter Highlights

Net sales of $5.0 billion increased 3 percent; organic... More