General Mills, Inc.

NYSE:GIS  
70.64
+1.66 (+2.41%)
Divestitures / Spin-offs, Earnings Announcements

General Mills Announces Agreement To Sell Helper And Suddenly Salad Businesses To Eagle Family Foods Group

Published: 05/25/2022 11:18 GMT
General Mills, Inc. (GIS) - Press Release - General Mills Announces Agreement to Sell Helper and Suddenly Salad Businesses to Eagle Family Foods Group.
General Mills Inc - Cash Transaction Valued at Approximately $610 Million.
General Mills Inc - Net Sales for Helper and Suddenly Salad Businesses Totaled Approximately $235 Million in Fiscal 2021.
General Mills Inc - Expects Divestiture to Be Dilutive to Its Adjusted EPS in Range of Approximately 10 to 11 Cents in First 12 Months After Closing.
General Mills Inc- Proposed Transaction is Expected to Close in Q1 of Fiscal 2023.
Revenue is expected to be $4.8 Billion
Adjusted EPS is expected to be $1.00

Next Quarter Revenue Guidance is expected to be $4.57 Billion
Next Quarter EPS Guidance is expected to be $1.00

More details on our Analysts Page.