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General Mills reaffirms 2024 outlook

Amid an evolving external environment, the company reaffirmed its full-year fiscal 2024 financial targets: Organic net sales are expected to range between down 1 percent and flat. Adjusted operating profit and adjusted diluted EPS are expected to increase 4 to 5 percent in constant currency. Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings. FY24 EPS/revenue consensus is $4.48/$19.98B, respectively.

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