8-K 1 gis-8k_20190529.htm 8-K gis-8k_20190529.htm

 

 

 

 

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

 

Name:  Donal L. Mulligan

 

Title:  Chief Financial Officer