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GG FOR IMMEDIATE RELEASE September 22 , 2021 ● General Mills ● GENERAL MILLS REPORTS FISCAL 2022 FIRST - QUARTER RESULTS Net sales increased 4 percent to $ 4.5 billion ; organic net sales¹ were up 2 percent Operating profit declined 1 percent to $ 844 million ; constant - currency adjusted operating profit was down 2 percent Diluted earnings per share ( EPS ) totaled $ 1.02 , down 1 percent from the prior year ; adjusted diluted EPS of $ 0.99 was down 2 percent in constant currency Company reaffirms full - year fiscal 2022 outlook ¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non - GAAP measures used in this release . MINNEAPOLIS , Minn . – September 22 , 2021 - General Mills ( NY SE : GIS ) today reported results for the first quarter ended August 29 , 2021 . " I'm proud of the way our team is performing in a dynamic and challenging operating environment , " said General Mills Chairman and Chief Executive Officer Jeff Harmening . “ Our strong execution in the first quarter enabled us to deliver top- and bottom - line results ahead of our expectations . We delivered these good results while continuing to advance our Accelerate strategy , including making important progress on portfolio reshaping in the quarter . " General Mills is executing its Accelerate strategy to drive sustainable , profitable growth and top - tier shareholder returns over the long term . The strategy focuses on four pillars to create competitive advantages and win : boldly building brands , relentlessly innovating , unleashing scale , and being a force for good . The company is prioritizing its core markets , global platforms , and local gem brands that have the best prospects for profitable growth and is committed to reshaping its portfolio with strategic acquisitions and divestitures , including the acquisition of Tyson Foods ' pet treats business and the planned divestiture of its European Yoplait operations , to further enhance its growth profile . 1