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General Mills, Inc.’s financial report, General Mills, Inc. annual for 2020.
Net sales increased 13% year over year to $5.1 billion. Organic sales increased by 16%.
Net earnings attributable to General Mills declined 16% to $553 million and EPS fell 15% to $0.92 compared to last year. Adjusted EPS of $0.97 was up 17% in constant currency.
The company has raised its outlook for FY2023 and now expects organic net sales to increase by 10-11%, compared to its previous expectation of approx. 10% growth. Adjusted EPS will now increase by 8-9% in constant currency, compared to the previous range of 7-8%.
Previous performance
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