General mills reports adjusted earnings per share of $1.00

General mills reports strong fiscal 2021 first-quarter results and announces dividend increase.q1 adjusted earnings per share $1.00.q1 earnings per share $1.03.q1 sales $4.4 billion versus refinitiv ibes estimate of $4.21 billion.q1 earnings per share estimate $0.87 -- refinitiv ibes data.announces 4 percent quarterly dividend increase to $0.51 per share.first-quarter net sales for general mills' north america retail segment increased 14% to $2.71 billion."the fundamentals of our business are strong".q1 net sales for pet segment increased 6% to $392 million.q1 net sales for convenience stores & foodservice segment declined 12% to $392 million.expects q2 at-home food demand to remain elevated compared to pre-pandemic levels.general mills - expects largest factor impacting 2021 will be relative balance of at-home versus away-from-home consumer food demand, due to covid-19.general mills - not providing fy outlook for fiscal 2021 growth in organic net sales, adjusted operating profit, & adjusted diluted eps.general mills - co's objective is to deliver fy fiscal 2021 adjusted operating profit margin about in line with fiscal 2020 levels.general mills - continues to expect net sales growth in fiscal 2021 will be positively impacted.expects q2 adjusted operating profit margin to decline.
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