General Mills (NYSE: GIS) reported fourth quarter 2020 earnings results today.
Net sales increased 21% to $5 billion while organic net sales grew 16%, mainly due to a significant increase in at-home food demand driven by the COVID-19 pandemic.
Net earnings attributable to General Mills totaled $626 million, up 10% from the year-ago period.
Diluted EPS rose 9% to $1.02. Adjusted diluted EPS was $1.10, up 33% from the prior year in constant currency, mainly reflecting higher adjusted operating profit and after-tax earnings from joint ventures, as well as a lower tax rate.
Past Performance
Most Popular
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
