---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-077267"
form_type: "8-K"
ticker: "GIS"
cik: "0000040704"
company_name: "GENERAL MILLS INC"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:35:17.197355+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# General Mills Q3 net sales +13% to $5.1B; adjusted EPS +17% cc; raises FY outlook

## Summary
- Net sales $5.1B (+13% reported, +16% organic); GAAP EPS $0.92 (-15%); adjusted EPS $0.97 (+17% constant currency).
- North America Retail net sales +15% to $3.2B; Pet +14% to $646M; Foodservice +25%; International -3%.
- Adjusted operating profit +20% constant currency; adjusted gross margin +240 bps to 33.8%.
- Raised FY23 outlook: organic net sales now +10-11% (prev. ~10%), adj. EPS +8-9% cc (prev. +7-8%).
- Nine-month cash from ops $2.0B; repurchased ~15M shares for $1.2B; dividends up 4% to $967M.

## SEC filing metadata
- accession: 0001193125-23-077267
- form_type: 8-K
- ticker: GIS
- cik: 0000040704
- company_name: GENERAL MILLS INC
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40704/000119312523077267/0001193125-23-077267-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40704/000119312523077267/d816383d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-077267
- JSON: https://secwatch.observer/filing/0001193125-23-077267.json
- Plain text: https://secwatch.observer/filing/0001193125-23-077267.txt

## Key facts
- Earnings Releases
  GENERAL MILLS INC reported the quarter ended February 26, 2023 results: revenue $5.1 billion, net income $553 million, EPS $0.92. Guidance raised.
  - Period: the quarter ended February 26, 2023
  - Revenue: $5.1 billion
  - Net income: $553 million
  - EPS: $0.92
  - Guidance: raised
  - Result: reported results
  source text: EX-99 (EX-99) --- EX-99 Exhibit 99 General Mills Reports Fiscal 2023 Third-quarter Results and Raises Full-year Outlook • Net sales increased 13 percent from the prior year to $5.1 billion; organic net sales 1 were up 16 percent • Operating profit declined 10 percent to $730 million; adjusted operating profit was up 20 percent in constant currency • Diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/40704/000119312523077267/0001193125-23-077267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.