---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-176744"
form_type: "8-K"
ticker: "GIS"
cik: "0000040704"
company_name: "GENERAL MILLS INC"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:48:51.403046+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# General Mills reports FY2023 net sales of $20.1B (+6%), EPS $4.31; raises dividend 9%

## Summary
- Full-year organic net sales +10% to $20.1B; adjusted diluted EPS $4.30, up 10% in constant currency.
- Q4 organic net sales +5% to $5.0B; adjusted diluted EPS $1.12, up 1% in constant currency.
- Board approves 9% dividend increase to $0.59/share, payable Aug 1, 2023 to holders of record July 10.
- FY2024 outlook: organic net sales +3-4%; adjusted diluted EPS +4-6% in constant currency.
- Pet segment full-year sales +9% to $2.5B; North America Retail +9% to $12.66B.

## SEC filing metadata
- accession: 0001193125-23-176744
- form_type: 8-K
- ticker: GIS
- cik: 0000040704
- company_name: GENERAL MILLS INC
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40704/000119312523176744/0001193125-23-176744-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40704/000119312523176744/d41355d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-176744
- JSON: https://secwatch.observer/filing/0001193125-23-176744.json
- Plain text: https://secwatch.observer/filing/0001193125-23-176744.txt

## Key facts
- Earnings Releases
  GENERAL MILLS INC reported the fourth quarter ended May 28, 2023 results: revenue Net sales of $5.0 billion, net income Net earnings attributable to General Mills of $615 million, EPS Diluted EPS of $1.03.
  - Period: the fourth quarter ended May 28, 2023
  - Revenue: Net sales of $5.0 billion
  - Net income: Net earnings attributable to General Mills of $615 million
  - EPS: Diluted EPS of $1.03
  - Result: reported results
  source text: 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 currency Fourth Quarter Highlights • Net sales of $5.0 billion increased 3 percent; organic net sales increased 5 percent • Operating profit of $818 million was down 19 percent; adjusted operating profit of $889 million effectively matched
  evidence_url: https://www.sec.gov/Archives/edgar/data/40704/000119312523176744/0001193125-23-176744-index.htm
- Earnings Releases
  GENERAL MILLS INC reported the fiscal year ended May 28, 2023 results: revenue Net sales of $20.1 billion, net income Net earnings attributable to General Mills were down 4 percent to $2.6 billion, EPS Diluted EPS of $4.31.
  - Period: the fiscal year ended May 28, 2023
  - Revenue: Net sales of $20.1 billion
  - Net income: Net earnings attributable to General Mills were down 4 percent to $2.6 billion
  - EPS: Diluted EPS of $4.31
  - Result: reported results
  source text: and Full-year Results and Provides Fiscal 2024 Outlook General 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 sales 1 were up 10 percent • Operating profit of $3.4 billion was down 1 percent; adjusted operating profit of $3.46
  evidence_url: https://www.sec.gov/Archives/edgar/data/40704/000119312523176744/0001193125-23-176744-index.htm

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