General Mills Reports Fiscal 2023 Fourth-quarter and Full-year Results and Provides Fiscal 2024 Outlook

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Go back to General Mills Reports Fiscal 2023 Fourth-quarter and Full-year Results and Provides Fiscal 2024 Outlook

General Mills (GIS) revenue impacted by FX headwinds, misses consensus estimate

June 28, 2023 7:52 AM EDT

General Mills (NYSE: GIS) shares are down more than 4% premarket after the company missed fourth-quarter consensus revenue estimates.

The food company did, however, top profit estimates, posting Q4 EPS of $1.12, $0.05 better than the analyst estimate of $1.07. Revenue for the quarter rose 3% YoY, coming in at $5... More

General Mills (GIS) Raises Quarterly Dividend 9.3% to $0.59; 2.9% Yield

June 28, 2023 7:04 AM EDT

General Mills (NYSE: GIS) declared a quarterly dividend of $0.59 per share, or $2.36 annualized. This is a 9.3% increase from the prior dividend of $0.54.

The dividend will be payable on August 1, 2023, to stockholders of record on July 10, 2023, with an ex-dividend date of July 7,... More

General Mills (GIS) Tops Q4 EPS by 5c, Revenue Misses Consensus

June 28, 2023 7:01 AM EDT

General Mills (NYSE: GIS) reported Q4 EPS of $1.12, $0.05 better than the analyst estimate of $1.07. Revenue for the quarter came in at $5 billion versus the consensus estimate of $5.17 billion.

General Mills expects the largest factors impacting its performance in fiscal 2024 will be the economic health of consumers, the moderating rate of input cost inflation, and the increasing stability of the supply chain environment. The company expects... More