General Mills (GIS) Tops Q1 EPS by 1c

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General Mills Reports Fiscal 2024 First-quarter Results

September 20, 2023 7:00 AM EDT

Net sales of $4.9 billion increased 4 percent; organic net sales also grew 4 percent Operating profit of $930 million was down 14 percent; adjusted operating profit of $899 million increased 2 percent in constant currency Diluted earnings per share (EPS) of $1.14 was down 16 percent; adjusted diluted EPS of $1.09 was down 1 percent in constant currency Company reaffirms full-year fiscal 2024 outlook

¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release.

MINNEAPOLIS--(BUSINESS WIRE)-- General Mills, Inc. (NYSE:... More