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General Mills 'mulling sale' of North America yogurts unit

The group has reportedly appointed investment bankers JPMorgan Chase to help it find new buyers for its yogurts business in North America. ....

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General Mills Reports Fiscal 2023 Fourth-quarter and Full-year Results and Provides Fiscal 2024 Outlook

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



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