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General Mills Reports Q4 EPS $1.35

Published: 06/29/2022 11:20 GMT
General Mills, Inc. (GIS) - General Mills Reports Fourth-quarter and Full-year Results for Fiscal 2022 and Provides Fiscal 2023 Outlook.
Q4 Adjusted Earnings per Share $1.12.
Q4 Earnings per Share $1.35.
Q4 Sales Rose 8 Percent to $4.9 Billion.
Fourth-quarter Net Sales for General Mills’ North America Retail Segment Increased 11 Percent to $3.0 Billion.
Fourth-quarter Net Sales for Pet Segment Increased 37 Percent to $610 Million.
Fourth-quarter Net Sales for North America Foodservice Segment Increased 25 Percent to $526 Million.
Fourth-quarter Net Sales for the North America Foodservice Segment Increased 25 Percent to $526 Million.
Board of Directors Declared a Quarterly Dividend of $0.54 per Share, Payable August 1, 2022.
Anticipates Double-digit Inflation on Its Cost of Goods Sold in Fiscal 2023.
New Dividend Represents a 6 Percent Increase From Previous Quarterly Rate of $0.51 per Share.
Anticipates Double-digit Inflation on Its Cost of Goods Sold in Fiscal 2023.
General Mills - Adjusted Diluted EPS Expected to Range Between Flat and Up 3 Percent in Constant Currency for Fiscal 2023.
Sees 2023 Organic Net Sales Expected to Increase 4 to 5 Percent.
General Mills - Planning for Volume Elasticities to Increase But Remain Below Historical Levels, Supply Disruptions to Moderate in 2023 Versus 2022 Level.
Q4 Earnings per Share View $1.01, Revenue View $4.80 Billion -- Refinitiv Ibes Data (analyst estimates).
Expects Net Proceeds From Divestitures Will Support an Increased Share Repurchase Plan in Fiscal 2023.