General Mills Q1 net sales up 4% to $4.9B; adjusted EPS $1.09, reaffirms FY2024 guidance

GENERAL MILLS INC

2024-Q1 EPS reported $1.14 revenue$4,904,700,000

GAAP diluted EPS fell 16% to $1.14; adjusted diluted EPS down 1% constant currency to $1.09.
North America Retail sales +3%; Pet flat; Foodservice +8%; International +10% (organic +9%).
Operating profit $930M (-14%); adjusted operating profit +2% constant currency to $899M.
Reaffirmed FY2024 targets: organic net sales +3-4%, adj. operating profit +4-6% constant currency.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GENERAL MILLS INC reported first quarter ended August 27, 2023 results: revenue $4.9 billion, net income $674 million, EPS $1.14. Guidance reaffirmed.

Period: first quarter ended August 27, 2023
Revenue: $4.9 billion
Net income: $674 million
EPS: $1.14
Guidance: reaffirmed
Result: reported results

Exact text from the filing

General Mills Reports Fiscal 2024 First-quarter Results • Net sales of $4.9 billion increased 4 percent; organic net sales also grew 4 percent

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Source: SEC EDGAR

accession 0001193125-23-238038

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