Categories AlphaGraphs, Consumer, Earnings
GIS Earnings: Highlights of General Mills’ Q4 2023 financial results
General Mills, Inc. (NYSE: GIS) reported a modest increase in sales for the fourth quarter of 2023 when the consumer food company’s adjusted earnings remained unchanged year-over-year.
Net sales moved up 3% annually to $5 billion in the May quarter. Organic sales were up 5%. A decline in international sales was more than offset by growth in other operating segments.
Net earnings attributable to General Mills was $614. 9 million or $1.03 per share, compared to $822.8 million or $1.35 per share in the year-ago quarter. Adjusted earnings per share remained unchanged at $1.12 per share during the three-month period.
“We delivered excellent results in fiscal 2023, including generating double-digit growth in organic net sales and constant-currency adjusted diluted EPS and exceeding $20 billion in annual net sales for the first time in our company’s history,” said General Mills’ chief executive officer Jeff Harmening.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
