General Mills: Fiscal Q1 Earnings Snapshot

September 21, 2022 GMT

MINNEAPOLIS (AP) _ General Mills Inc. (GIS) on Wednesday reported fiscal first-quarter profit of $820 million.

The Minneapolis-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The maker of Cheerios cereal, Yoplait yogurt and other packaged foods posted revenue of $4.72 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.67 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GIS at https://www.zacks.com/ap/GIS