secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001193125-22-184385
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Mills reports Q4 net sales +8%, FY22 adj EPS $3.94; raises dividend 6%; FY23 outlook organic sales +4-5%
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- Q4 net sales $4.9B (+8%), organic +13%; adj diluted EPS $1.12 (+23% constant currency).
- FY22 net sales $19.0B (+5%), adj EPS $3.94 (+4% cc); operating cash flow $3.3B (+11%).
- Board increased quarterly dividend 6% to $0.54/share, payable Aug 1 to holders of record July 8.
- FY23 outlook: organic net sales +4-5%; adj OP -2% to +1% cc; adj EPS flat to +3% cc.
- Seven portfolio reshaping transactions in FY22; net deal impact expected to reduce FY23 adj OP and EPS growth by ~3% each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000119312522184385/0001193125-22-184385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000119312522184385/d370020d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-184385

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