GIS Earnings: All you need to know about General Mills’ Q2 2023 earnings results

General Mills, Inc. pay dividends for each year, the last payment of dividends on GIS shares is 31/12/2019.

Net sales increased 4% year over year to $5.2 billion. Organic net sales increased 11%.

General Mills-related net income increased 1% to $606 million and EPS increased 4% to $1.01 compared to the year-ago quarter. Adjusted EPS of $1.10 was up 12% YoY.

Both revenue and adjusted EPS beat market expectations.

The company raised its outlook for fiscal year 2023. Organic net sales will now increase by 8-9%, compared to previous expectations of 6-7% growth. Adjusted EPS will now increase 4-6% in constant currency, compared to the previous range of 2-5% increase in constant currency.

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