07:35 AM EDT, 06/26/2024 (MT Newswires) -- General Mills ( GIS ) reported fiscal Q4 adjusted earnings Wednesday of $1.01 per diluted share, down from $1.12 a year earlier.

Analysts polled by Capital IQ expected $0.99.

Net sales for the quarter ended May 26 were $4.71 billion, down from $5.03 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.86 billion.

The company expects fiscal 2025 adjusted earnings to range from a 1% decline to 1% growth. Analysts surveyed by Capital IQ expect EPS normalized of $4.67.

The company increased its quarterly dividend by 2% to $0.60 per share, payable on Aug. 1 to shareholders of record as of July 10.

General Mills ( GIS ) shares were down more than 4% in recent premarket activity.

Price: 64.45, Change: -2.81, Percent Change: -4.18