REDDING, Calif., May 28, 2024 /PRNewswire/ According to a new market research report titled, 'Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein)
General Mills Board of Directors Declares Nine Percent Dividend Increase
Full Year Highlights
Net sales of $20.1 billion increased 6 percent from the prior year; organic net sales1 were up 10 percent
Operating profit of $3.4 billion was down 1 percent; adjusted operating profit of $3.46 billion was up 8 percent in constant currency
Diluted earnings per share (EPS) of $4.31 was down 2 percent from the prior year; adjusted diluted EPS of $4.30 was up 10 percent in constant currency
Fourth Quarter Highlights
Net sales of $5.0 billion increased 3 percent; organic net sales increased 5 percent
Operating profit of $818 million was down 19 percent; adjusted operating profit of $889 million effectively matched year-ago levels in constant currency
Diluted EPS of $1.03 was down 24 percent; adjusted diluted EPS of $1.12 increased 1 percent in constant currency
1Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP
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