General Mills, Inc.

NYSE:GIS  
76.62
-1.09 (-1.40%)
Positive Earnings Pre-Announcement

General Mills Reports Fiscal 2023 Q1 Results & Raises FY Outlook

Published: 09/21/2022 11:41 GMT
General Mills, Inc. (GIS) - General Mills Reports Fiscal 2023 First-quarter Results and Raises Full-year Outlook.
Q1 Earnings per Share $1.35.
Q1 Sales Rose 4 Percent to $4.7 Billion.
Q1 Adjusted Earnings per Share $1.11.
Raises Full-year Fiscal 2023 Outlook.
First-quarter Net Sales for North America Foodservice Segment Increased 21 Percent to $496 Million.
First-quarter Net Sales for Pet Segment Increased 19 Percent to $580 Million.
First-quarter Net Sales for General Mills' North America Retail Segment Increased 10 Percent to $3.0 Billion.
General Mills - Expects Volume Elasticities Will Increase Over Remaining Quarters of Fiscal 2023 But Remain Below Historical Levels.
FY Organic Net Sales Are Now Expected to Increase 6 to 7 Percent.
General Mills -full-year Fiscal 2023 Constant-currency Adjusted Diluted EPS is Now Expected to Increase 2 to 5 Percent in Constant Currency.
Q1 Earnings per Share View $1.00, Revenue View $4.72 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2023 Earnings per Share View $4.00, Revenue View $19.44 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $5.18 Billion
Adjusted EPS is expected to be $1.05

Next Quarter Revenue Guidance is expected to be $4.74 Billion
Next Quarter EPS Guidance is expected to be $0.90

More details on our Analysts Page.