Categories AlphaGraphs, Consumer, Earnings

GIS Earnings: Key quarterly highlights from General Mills’ Q1 2023 financial results

General Mills, Inc. (NYSE: GIS) reported first quarter 2023 earnings results today.

Net sales increased 4% year-over-year to $4.7 billion. Organic net sales were up 10%.

Net earnings attributable to General Mills increased 31% to $820 million while EPS rose 32% to $1.35 versus last year, driven by higher operating profit. Adjusted EPS rose 13% to $1.11, on a constant currency basis.

For full-year 2023, organic net sales are expected to increase 6-7%.

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