secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077267
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000119312523077267/0001193125-23-077267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000119312523077267/d816383d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077267

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