Categories AlphaGraphs, Consumer

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%.

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

Should investors worry about Micron’s (MU) weak Q4 results and guidance?

The semiconductor industry is a rapidly growing business segment that currently thrives on the digital transformation wave. The demand for memory chips and other semiconductor products increased over the years,

What has Bed Bath & Beyond (BBBY) outlined for this fiscal year?

Shares of Bed Bath & Beyond (NASDAQ: BBBY) were up on Friday, a day after the company delivered disappointing results for the second quarter of 2022. The company reported a

NKE Earnings: Highlights of Nike’s Q1 2023 results

Nike, Inc. (NYSE: NKE) has reported a decrease in net profit for the first quarter of 2023, despite a modest increase in revenues. The company's stock suffered a big loss

Add Comment
Viewing Highlight