The Minneapolis-based company said it had profit of 68 cents per share. General Mills, Inc. Jun 27th, 2018 MINNEAPOLIS, June 27, 2018 -- General Mills reported results for the fourth quarter and full fiscal year ended May 27, 2018, that were in … General Mills also reported full-year net sales of $18.1 billion, an increase of 3% over the prior fiscal year. Adjusted EPS dropped 19% to $0.91. We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. General Mills: A U.S.-based food company. We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. Welcome to Global Site General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2021 fourth quarter and full year on June 30, 2021. GAAP net income declined 33% to $417 million, or $0.68 per share, from last year. Interested parties can access these materials and the webcast at www.generalmills.com/investors . General Mills Inc (NYSE: GIS) reported fourth-quarter FY21 sales of $4.5 billion, down 10% year-on-year, beating the consensus estimate of $4.36 billion. Jul 02, 2020 . Inflation is becoming a headwind, too. On June 30, 2021, General Mills, Inc. issued a press release reporting financial results for its fourth quarter and fiscal year ended May 30, 2021. Total industry pet food sales increased in the same period. For example, fourth quarter sales declined 10% to $4.5 billion, due in part to the fact that the prior year’s fourth quarter included an extra week. In the press release, General Mills Chairman and Chief Executive Officer Ken Powell said, “Our plans for 2014 called for sales and earnings growth consistent with our long-term business model, along with increased cash returns to shareholders. Organic net sales were down 6%. The company's fiscal year runs from June 1 to May 30. Its fiscal 2021 just ended and the immediate restructuring charge is likely to appear in the company's fourth-quarter results, which will be announced later this month. It has been five years since the last sizable round of layoffs swept through General Mills. MINNEAPOLIS (AP) _ General Mills Inc. (GIS) on Wednesday reported fiscal fourth-quarter net income of $416.8 million. Mayank Marwah Follow. About General Mills. Net sales fell -10% and organic sales fell -6%, reflecting the comparison against the surge in at-home food demand at the outset of the pandemic last year. General Mills Inc. is sharing more details about its company-wide restructuring, and they include what amounts to the company's first major round of layoffs in years. Net sales fell 10% year-over-year to $4.5 billion. Press Release at … General Mills, Inc. (NYSE: GIS) reported fourth quarter 2021 earnings results today. MINNEAPOLIS, Minnesota - General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2021 fourth quarter and full year on June 30, 2021. Shares of General Mills eased on Wednesday after the cereal maker reported stronger-than-expected adjusted fiscal-fourth-quarter earnings but cited uncertainty about the fiscal 2022 outlook. General Mills’ latest quarterly results are down from last year, reflecting the ebbing of the pandemic and its motivation for consumers to eat at home. Inflation is becoming a headwind, too. A copy of the press release is attached hereto as Exhibit 99 and incorporated herein by reference. Sales dropped 10% to $4.5 billion compared to the year-ago period which had witnessed a spike in demand due to pandemic-related pantry-loading. Finally, Intrust Bank NA acquired a new position in shares of General Mills during the fourth quarter worth $250,000. General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2021 fourth quarter and full year on June 30, 2021. General Mills Inc. saw sales and earnings drop in its latest quarter as people failed to buy as much food for the home as they did in the early days of the pandemic. General Mills attributed this to two factors. Thank you for joining us to hear our prepared remarks on General Mills’ Fourth Quarter Fiscal 2020 Earnings. General Mills reported Wednesday a financial fourth-quarter net income of $416.8m, down from $625.7m, as well as a downturn in sales and earnings. Organic net sales, of existing products, were down 6%. The Minneapolis, Minnesota-based company General Mills is expected to report its fiscal fourth-quarter earnings of $0.85 per share, which represents a … General Mills Fiscal 2019 Fourth-quarter Earnings Results. Fiscal 2014 results summary Net sales grew 1 … Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support General Mills' (GIS) fourth-quarter fiscal 2021 results reflect lower earnings and sales due to tough comparisons with the year-ago period's demand surge. For the fourth quarter, net earnings attributable to General Mills declined to $416.8 million or $0.68 per share from $625.7 million or $1.02 per share in the prior-year quarter. "Our fourth-quarter res General Mills to Webcast Fourth-quarter and Full-year Fiscal 2021 Earnings Results on June 30, 2021. In fiscal 2019’s fourth quarter, General Mills’ (GIS) North American Retail net sales fell 2% YoY (year-over-year) to $2.34 billion, and organic sales fell 2% due to lower pricing. General Mills pet food and treat net sales dropped 20% in the fourth-quarter of fiscal year 2021 to US$444 million, although pet food retail sales in measured channels increased by double-digits during the same period. This follows 2020’s jump in food sales amid pandemic-induced purchases by consumers wanting to eat at home. Net sales fell 10% year-over-year to $4.5 billion. "Amid significant challenge and change in the world around us, General Mills adapted and executed in fiscal 2020… General Mills is working with its retail partners to ensure its e-commerce business is running at full speed as it prepares for elevated demand to continue throughout the year. General Mills attributed 1 percentage point of net sales growth to increased pound volume and 1 point to price and mix. The effect of global markets reopening could be seen in General Mills’ full-year and fourth-quarter results. Net sales declined 10% to $4.5bn from $5bn, while organic sales were down 6%. General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2021 fourth quarter and full year on June 30, 2021. General Mills stock is falling as investors digest mixed fiscal third-quarter results from the packaged-food company. Add to Calendar. We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. MINNEAPOLIS-- (BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2021 fourth quarter and full year on June 30, 2021. MINNEAPOLIS — General Mills Inc.’s fiscal fourth-quarter net income edged up 2 percent, lifted by strength abroad and increased prices. “The fact that General Mills has so many … General Mills: A U.S.-based food company. We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. Welcome to Global Site ASK US ABOUT OUR FOODCHANGE COUNTRYWelcome to Global Site A press release, pre-recorded management remarks and supporting slides will be issued that morning followed by a webcasted question and answer session on the results at 8:00 a.m. CT. “I’m pleased with the results the General Mills team delivered in fiscal 2021 under difficult circumstances,” said "Our fourth-quarter results finished in line with our expectations, with improved organic net sales trends in total and across three of our four operating segments," said General Mills Chief Executive Officer Jeff Harmening. "Our fourth-quarter res MINNEAPOLIS, Minn., June 30, 2021 –General Mills (NYSE: GIS) today reported results for the fourth quarter and fiscal year ended May 30, 2021. Revenues in the segment were up 37% year over year on the back of solid volume growth. The company reported net earnings of $0.68 per share for the fourth quarter ending May 31, 2021. Fourth-quarter net sales were reported at $4.5 billion, down 10% from the $5 billion reported last year, but again beating analysts’ estimates of $4.4 billion. Fourth-quarter net sales for General Mills’ North America Retail segment increased 36 percent to $3.20 billion, primarily reflecting increased demand for food at home resulting from the COVID-19 pandemic as well as 9 points of additional sales from the 53rd week. Shares of Kraft Heinz recently plunged to an all-time low after the packaged-foods giant hit investors with a triple whammy of bad news.First, it reported a net loss of $12.6 billion for the fourth quarter, which was caused by a $15.4 billion writedown on its Kraft and Oscar Mayer brands. Thank you for joining us to hear our prepared remarks on General Mills’ Fourth Quarter Fiscal 2020 Earnings. 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