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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.

General Mills Q4 2023 earnings infographic

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

  • General-Mills-Q2-2023-Earnings-Infographic-1
  • General-Mills-Q1-2023-Earnings-Infographic
  • General-Mills-Q4-2022-Earnings-Infographic

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