earnings
confidence high
sentiment positive
materiality 0.75
General Mills Q3 EPS $1.08 (+13% YoY), organic net sales up 4%, raises FY guidance
GENERAL MILLS INC
2022-Q3 EPS reported
$3.07
revenue$14,101,600,000
- Net sales $4.5B flat YoY; organic net sales up 4% (7% price/mix, -4% volume).
- Diluted EPS $1.08 (+13% YoY); adjusted diluted EPS $0.84 (+2% constant currency).
- North America Retail +1% to $2.81B; Pet +30% to $568M (incl. 14pt acquisition benefit).
- Pet segment operating profit +8% to $111M; International net sales -23% on divestitures.
- Raised FY guidance: organic net sales ~+5%, adj. operating profit -2% to flat, adj. EPS flat to +2% (prev -2% to +1%).