(7)     We have included measures in this release that are not defined by GAAP. Our 2019 Global Responsibility Report describes our strategies and performance across four key focus areas: Our Food, Our Planet, Our Workplace and Our Community. - Net sales increased 9 percent to $4.1 billion; organic net sales(1) increased modestly from year-ago levels, General Mills Reports Fiscal 2019 First-Quarter Results, http://www.prnewswire.com/news-releases/general-mills-reports-fiscal-2019-first-quarter-results-300714446.html. This measure is used in reporting to our executive management and as a component of the Board of Directors' measurement of our performance for incentive compensation purposes. Í annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934 for the fiscal year ended may 26, 2019 ‘ transition report pursuant to section 13 or 15(d) of the securities exchange act of 1934 for the transition period from to commission file number: 001-01185 general mills, inc. Dividends paid year-to-date totaled $884 million. Acquisition transaction and integration costs (d), Diluted earnings per share growth, excluding. (e)      The CPW restructuring charges are related to initiatives designed to improve profitability and growth that were approved in fiscal 2018 and 2019. Our simple-to-prepare cakes, muffins and other products are all about ease – and guaranteed family togetherness. Organic net sales were down 2 percent. Operating Segment Results and Supplementary Information, Prepaid expenses and other current assets, Common stock, 754.6 shares issued, $0.10 par value, Net earnings, including earnings attributable to redeemable, Adjustments to reconcile net earnings to net cash, Distributions of earnings from joint ventures, Pension and other postretirement benefit plan contributions, Pension and other postretirement benefit plan costs, Restructuring, impairment, and other exit costs, Changes in current assets and liabilities, excluding the, Net cash provided by operating activities, Purchases of land, buildings, and equipment, Proceeds from disposal of land, buildings, and equipment, Proceeds from common stock issued on exercised options, Distributions to noncontrolling and redeemable interest holders, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents - beginning of year, Cash and cash equivalents - end of period. We are not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because we are unable to predict with a reasonable degree of certainty the actual impact of changes in foreign currency exchange rates and commodity prices or the timing or impact of acquisitions, divestitures and restructuring actions throughout fiscal 2019. Act in compliance with our Code of Conduct and policies. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements (S-1, S-8) and prospectus (FWP). Three Years. 1-800-245-5703 or And we're on track to deliver our financial commitments, with first-quarter adjusted operating profit and adjusted diluted EPS results ahead of our expectations. Media : Other contacts: For media only: 763-764-6364 (Calls returned 8 a.m to 5 p.m. CT weekdays.) In our North American Retail segment, we approved actions at certain facilities to consolidate production and optimize our labor and manufacturing platforms. The effective tax rate for the nine-month period ended February 24, 2019, was 21.4 percent compared to a 1.7 percent benefit for the nine-month period ended February 25, 2018. The impact of the adoption of this guidance on our results of operations was a decrease to our operating profit of $20.9 million and $20.5 million and a corresponding increase to benefit plan non-service income of $20.9 million and $20.5 million for the periods ending August 26, 2018, and August 27, 2017, respectively. A reconciliation of these measures to reported net sales growth rates, the relevant GAAP measures, are included in our Operating Segment Results above. In addition, in the nine-month period ended February 24, 2019, we recorded a $3 million loss related to the impact of hyperinflationary accounting for our Argentina subsidiary. The company continues to expect these actions will result in double-digit pro forma growth in Pet segment net sales and operating profit for the full year, excluding acquisition-related charges. Constant-Currency growth Rates for our Consolidated net sales growth, excluding certain items comparability... Responsibility report fiscal 2019, we are reaffirming our Full-Year fiscal 2019 is off to good. 10 percent Unaudited ), expansive and damaging policies, which ignore,! Cost of sales during the third quarter of fiscal 2019, we recorded a 16! Provides useful information to investors because it is the profitability measure we use to evaluate segment performance million pre-tax on... %: adjusted net earnings attributable to General submitting your information, will... 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