General Mills (GIS) slides despite topping consensus estimates
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General Mills Reports Fiscal 2023 Second-quarter Results and Raises Full-year Outlook
December 20, 2022 7:00 AM ESTNet sales increased 4 percent from the prior year to $5.2 billion; organic net sales1 were up 11 percent Operating profit of $800 million essentially matched year-ago levels; adjusted operating profit was up 7 percent in constant currency Diluted earnings per share (EPS) of $1.01 increased 4 percent from the prior year; adjusted diluted EPS of $1.10 was up 12 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.
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