secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001193125-23-299294
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Mills Q2 net sales down 2% to $5.1B; cuts FY organic sales view to -1% to flat
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- Adjusted diluted EPS of $1.25, up 14% in constant currency; GAAP EPS $1.02, up 1%.
- Organic net sales fell 2% in Q2; 2-year compound growth of 4%.
- Pet segment sales -4% to $569M; North America Retail -2% to $3.3B.
- FY 2024 guidance: organic net sales now -1% to 0% (prior 3-4% growth); adjusted OP and EPS growth 4-5% CC (prior 4-6%).
- HMM cost savings raised to ~5% of COGS from prior 4%; $1.3B in share repurchases in H1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/0001193125-23-299294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/d660865d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-299294

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