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

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

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

June 28, 2023 7:00 AM EDT

General Mills Board of Directors Declares Nine Percent Dividend Increase

Full Year Highlights

Net sales of $20.1 billion increased 6 percent from the prior year; organic net sales1 were up 10 percent Operating profit of $3.4 billion was down 1 percent; adjusted operating profit of $3.46 billion was up 8 percent in constant currency Diluted earnings per share (EPS) of $4.31 was down 2 percent from the prior year; adjusted diluted EPS of $4.30 was up 10 percent in constant currency

Fourth Quarter Highlights

Net sales of $5.0 billion increased 3 percent; organic... More