GENERAL MILLS $GIS JUST REPORTED Q1 EARNINGS
- Revenue: $4.4B, beating est. of $4.35B 🟢
- Adj EPS: $0.75, beating est. of $0.72 🟢 (-13% CC)
- Adjusted Oper Profit: $634M
- Organic Net Sales Growth: Flat
- North America Retail: $2.5B (-3% organic)
- International: $794.3M (+4% organic)
- North America Pet: $612.8M (flat organic)
- North America Foodservice: $523.1M (+4% organic)
Reaffirms FY27 Guidance:
- Organic Net Sales: -1.5%-+0.5%
- Adjusted Operating Profit: -13% to -8% CC
- Adj EPS: $3.00-$3.20/share
- FCF Conversion: ~95% of adjusted after-tax earnings
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