General Mills (GIS) Tops Q1 EPS by 13c, Revenues Beat

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Go back to General Mills (GIS) Tops Q1 EPS by 13c, Revenues Beat

General Mills Reports Strong Fiscal 2021 First-Quarter Results and Announces Dividend Increase

September 23, 2020 7:00 AM EDT

Net sales increased 9 percent to $4.4 billion; organic net sales1 were up 10 percent Operating profit increased 29 percent to $854 million; constant-currency adjusted operating profit was up 22 percent Diluted 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 currency Company announces 4 percent quarterly dividend increase to $0.51 per share

¹ Please see Note 6 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release.

MINNEAPOLIS--(BUSINESS WIRE)-- General Mills (NYSE:... More