General Mills Q3 EPS $1.17 (+27%), revenue $5.1B (-1%); reaffirms FY guidance

GENERAL MILLS INC

2024-Q3 EPS reported $3.33 revenue$15,143,300,000

Q3 diluted EPS $1.17, up 27% YoY; adjusted EPS $1.17, up 22% in constant currency.
Net sales $5.1B, down 1%; organic net sales also -1%; but up 7% on 2-year compound basis.
Operating profit $911M (+25%); adjusted operating profit $914M (+14% constant currency).
North America Retail segment sales flat, operating profit -4%; Pet sales -3% but op profit +25%.
Reaffirms FY24 outlook: organic net sales -1% to flat; adj. op profit and EPS +4-5% in 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 quarter ended February 25, 2024 results: revenue $5.1 billion, EPS $1.17. Guidance reaffirmed.

Period: quarter ended February 25, 2024
Revenue: $5.1 billion
EPS: $1.17
Guidance: reaffirmed
Result: reported results

Exact text from the filing

General Mills Reports Fiscal 2024 Third-quarter Results • Net sales of $5.1 billion were down 1 percent in the third quarter and organic net sales 1 were also down 1 percent; on a 2-year compound growth basis, net sales were up 6 percent and organic net sales were up 7 percent • Operating profit of $911 million was up 25 percent; adjusted operating profit of $914 million increased 14 percent in constant currency • Diluted earnings per share (EPS) of $1.17 were up 27 percent; adjusted diluted EPS of $1.17 increased 22 percent in constant currency • Company reaffirms full-year fiscal 2024 outlook

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Source: SEC EDGAR

accession 0001193125-24-072050

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