UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 29, 2019
General Mills, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware | 001-01185 | 41-0274440 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | |
Number One General Mills Boulevard Minneapolis, Minnesota | | 55426 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s Telephone Number, Including Area Code: (763) 764-7600
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock, $.10 par value | GIS | New York Stock Exchange |
Floating Rate Notes due 2020 | GIS20A | New York Stock Exchange |
2.100% Notes due 2020 | GIS20 | New York Stock Exchange |
1.000% Notes due 2023 | GIS23A | New York Stock Exchange |
1.500% Notes due 2027 | GIS27 | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
In remarks today at the 2019 Bernstein Strategic Decisions Conference, General Mills reported preliminary results for the Pet segment for fiscal 2019. On a pro forma basis, fourth-quarter Pet segment net sales increased 38 percent. Fourth-quarter segment operating profit increased 82 percent on a pro forma basis including $3 million of purchase accounting charges and increased 88 percent excluding these charges. For the full year, Pet segment net sales increased 11 percent, and segment operating profit decreased 11 percent on a pro forma basis including $66 million of purchase accounting charges and increased 11 percent excluding these charges. Pet segment results for the full fiscal year include 7 days from the month of acquisition. General Mills will report fiscal 2019 results for the total company, including final Pet segment results, in late June.
Pro forma segment operating profit excluding purchase accounting charges is a measure not defined by Generally Accepted Accounting Principles. We believe that this measure provides useful information to investors because it is the measure we use to evaluate Pet segment operating profit performance on a comparable year-over-year basis.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 29, 2019
GENERAL MILLS, INC.
By: /s/ Donal L. Mulligan
| | Title: Chief Financial Officer |
