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Stock impact report

General Mills Reports Results for Fiscal 2019 and Outlines Growth Goals for Fiscal 2020

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Business Wire
  MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS):Full-year HighlightsNet sales increased 7 percent to $16.9 billion, and were up 9 percent in constant currency¹; organic net sales were in line with last yearOperating profit increased 4 percent; adjusted operating profit increased 10 percent in constant currencyDiluted earnings per share (EPS) of $2.90 declined 20 percent from the prior year that included one-time benefits from U.S. tax reform; adjusted diluted EPS of $3.22 increased 4 percent in constant currencyStrong cash conversion enabled the company to pay $1.2 billion in dividends while reducing debt by $1.3 billion¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. General Mills today reported results for the fourth quarter and full fiscal year ended May 26, 2019. Financial results for fiscal 2019 include contributions from Blue Buffalo Pet Products, Inc. (“Blue Buffalo”), wh Show less Read more
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