General Mills Inc. undefined said Tuesday its second-quarter profit rose to $605.9 million, or $1.01 a share, from $597.2 million, or 97 cents a share in the...
General Mills Inc. said Tuesday its second-quarter profit rose to $605.9 million, or $1.01 a share, from $597.2 million, or 97 cents a share in the year-ago quarter. The food giant's adjusted earnings rose to $1.10 a share from 99 cents a share and beat the Wall Street target of $1.07 a share, according to estimates compiled by FactSet. Second-quarter revenue increased to $5.22 billion from $5.02 billion, and came in ahead of the analyst forecast of $5.19 billion.
10 a share from 99 cents a share and beat the Wall Street target of $1.07 a share, according to estimates compiled by FactSet. Second-quarter revenue increased to $5.22 billion from $5.02 billion, and came in ahead of the analyst forecast of $5.19 billion. Looking ahead, General Mills said it's lifting its 2023 adjusted earnings outlook to growth of 3% to 5%, from its earlier view of 0% to 3%.
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