General Mills (GIS) Tops Q2 EPS by 9c

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General Mills Reports Fiscal 2021 Second-Quarter Results

December 17, 2020 7:00 AM EST

Net sales increased 7 percent to $4.7 billion; organic net sales1 were up 7 percent Operating profit increased 13 percent to $917 million; constant-currency adjusted operating profit was up 6 percent Diluted earnings per share (EPS) totaled $1.11, up 17 percent from the prior year; adjusted diluted EPS of $1.06 increased 9 percent in constant currency Company outlines expectations for continued strong top- and bottom-line growth in the third quarter and updates outlook for full-year adjusted operating profit margin

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