General Mills, Inc.

+0.44 (+0.63%)
Positive Earnings Pre-Announcement

General Mills Reports Fiscal 2022 Third-Quarter Results And Raises Full-Year Outlook

Published: 03/23/2022 11:11 GMT
General Mills, Inc. (GIS) - General Mills Reports Fiscal 2022 Third-quarter Results and Raises Full-year Outlook.
Q3 Adjusted Earnings per Share $0.84.
Q3 Earnings per Share $1.08.
Q3 Revenue $4.5 Billion.
Third-quarter Net Sales for Pet Segment Increased 30% to $568 Million.
Q3 Earnings per Share View $0.78, Revenue View $4.54 Billion -- Refinitiv Ibes Data (analyst estimates).
Sees FY 2022 Organic Net Sales Now Expected to Increase About 5%.
Third-quarter Net Sales for North America Foodservice Segment Increased 22 Percent to $437 Million.
Raises Full-year Fiscal 2022 Outlook.
Expect to Drive Strong Growth in Q4, Fueled by Accelerating Net Price Realization.
Sees FY 2022 Constant-currency Adjusted Diluted EPS Now Expected to Range Between Flat and Up 2%.
Third-quarter Net Sales for General Mills' North America Retail Segment Increased 1 Percent to $2.81 Billion.
General Mills - for Full Year 2022, Co Continues to Expect Input Cost Inflation of 8% to 9% & Significant Costs Related to Supply Chain Disruptions.
Revenue is expected to be $4.8 Billion
Adjusted EPS is expected to be $1.00

Next Quarter Revenue Guidance is expected to be $4.58 Billion
Next Quarter EPS Guidance is expected to be $0.99

More details on our Analysts Page.