GIS - General Mills Non-GAAP EPS of $1.12 beats by $0.11 revenue of $4.89B beats by $80M
- General Mills press release ( NYSE: GIS ): Q4 Non-GAAP EPS of $1.12 beats by $0.11 .
- Revenue of $4.89B (+8.2% Y/Y) beats by $80M .
- Shares -0.7% PM.
- FY2023 Outlook : Organic net sales are expected to increase 4 to 5 percent; Adjusted operating profit is expected to range between down 2 percent and up 1 percent in constant currency; Adjusted diluted EPS are expected to range between flat and up 3 percent in constant currency; Free cash flow conversion is expected to be at least 90 percent of adjusted after-tax earnings.
- The net impact of divestitures, acquisitions, and foreign currency exchange is expected to reduce full-year reported net sales growth by approximately 3 percent, and foreign currency exchange is expected to reduce adjusted operating profit and adjusted diluted EPS growth by approximately 1 percent.
For further details see:
General Mills Non-GAAP EPS of $1.12 beats by $0.11, revenue of $4.89B beats by $80M