GIS - General Mills Non-GAAP EPS of $1.12 beats by $0.05 revenue of $5.03B misses by $150M

2023-06-28 07:02:03 ET

• General Mills press release ( NYSE: GIS ): Q4 Non-GAAP EPS of $1.12 beats by $0.05 .
• Revenue of $5.03B (+2.9% Y/Y) misses by $150M .

• With these assumptions in mind, General Mills outlined its full-year financial targets for fiscal 2024:

  • Organic net sales are expected to increase 3 to 4 percent.
  • Adjusted operating profit is expected to increase 4 to 6 percent in constant currency from the base of $3.5 billion reported in fiscal 2023.
  • Adjusted diluted EPS is expected to increase 4 to 6 percent in constant currency from the base of $4.30 earned in fiscal 2023.
  • Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings.

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