General Mills (GIS) revenue impacted by FX headwinds, misses consensus estimate
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General Mills Reports Fiscal 2023 Fourth-quarter and Full-year Results and Provides Fiscal 2024 Outlook
June 28, 2023 7:00 AM EDTGeneral 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 currencyFourth Quarter Highlights
Net sales of $5.0 billion increased 3 percent; organic... More