General Mills (GIS) Tops Q1 EPS by 12c, Offers Outlook

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Go back to General Mills (GIS) Tops Q1 EPS by 12c, Offers Outlook

General Mills Reports Fiscal 2023 First-Quarter Results and Raises Full-Year Outlook

September 21, 2022 7:00 AM EDT

Net sales increased 4 percent to $4.7 billion; organic net sales1 were up 10 percent Operating profit increased 29 percent to $1.1 billion; adjusted operating profit was up 8 percent in constant currency Diluted earnings per share (EPS) of $1.35 increased 32 percent from the prior year; adjusted diluted EPS of $1.11 was up 13 percent in constant currency Company raises full-year fiscal 2023 outlook

1 Please see Note 8 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