General Mills raises FY23 adjusted EPS view to up 7%-8% from up 4%-6%

FY23 consensus $4.14. As a result of its continued strong in-market performance, General Mills raised its full-year fiscal 2023 guidance. The company’s updated outlook now includes: Organic net sales growth of approximately 10 percent; Adjusted operating profit growth of 6 to 7 percent in constant currency; Adjusted diluted EPS growth of 7 to 8 percent in constant currency; and Free cash flow conversion of at least 90 percent of adjusted after-tax earnings.