The company said full-year 2024 net sales fell to $19.9 billion, down 1%, and fourth-quarter net sales fell to $4.7 billion, down 6%. It cited unfavorable net price realization and mix and lower pound volume as factors behind the Q4 net sales decline.

1. 01

   The company said full-year 2024 net sales fell to $19.9 billion, down 1%, and fourth-quarter net sales fell to $4.7 billion, down 6%. It cited unfavorable net price realization and mix and lower pound volume as factors behind the Q4 net sales decline.

2. 02

   General Mills said full-year 2024 operating profit of $3.4 billion essentially matched the prior year, and adjusted operating profit rose 4% in constant currency to $3.6 billion. Diluted EPS was $4.31, and adjusted diluted EPS was $4.52.

3. 03

   The company said operating cash flow for fiscal 2024 rose to $3.3 billion from $2.8 billion a year earlier. It repurchased about 29 million shares for $2.0 billion during the year, and dividends paid totaled $1.4 billion.

4. 04

   General Mills expects full-year 2025 organic net sales to range from flat to up 1%. The board also declared a quarterly dividend of $0.60 per share, which the company said is an increase of 2% from the prior quarterly rate of $0.59.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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