General Mills (GIS) Tops Q3 EPS by 5c, Offers Outlook
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General Mills Reports Fiscal 2023 Third-quarter Results and Raises Full-year Outlook
March 23, 2023 7:00 AM EDTNet sales increased 13 percent from the prior year to $5.1 billion; organic net sales1 were up 16 percent Operating profit declined 10 percent to $730 million; adjusted operating profit was up 20 percent in constant currency Diluted earnings per share (EPS) of $0.92 was down 15 percent from the prior year; adjusted diluted EPS of $0.97 was up 17 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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