General Mills Reports Q1 Non-GAAP EPS and Revenue Beats
General Mills reported first-quarter non-GAAP earnings per share (EPS) of $0.75, exceeding estimates by $0.03. The company also generated revenue of $4.4 billion, surpassing expectations by $50 million despite a 3% year-over-year decline in net sales due to the U.S. yogurt divestiture. Organic net sales remained flat during the quarter, indicating stable performance from ongoing operations excluding one-time factors like asset disposals. The results highlight resilience amid challenging market conditions and strategic business adjustments.
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Topics: earnings non-GAAP EPS revenue