Categories Consumer, Earnings

A visual representation of General Mills’ (GIS) Q4 2020 earnings results

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.

General Mills (GIS) reports Q4 2020 earnings results

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

General Mills tops estimates in Q1 but FY20 outlook falls short of consensus

Also Read:  Graphic: Kimberly-Clark shares gain on strong Q2 earnings

Most Popular

Yelp Q2 earnings: All key figures

Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the

Infographic: Uber (UBER) Q2 loss narrows; revenue beats

Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company

TMobile (TMUS) Q2 revenue up 61%; results beat Street view

TMobile US Inc.  (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also