QUARTERLY DATA (UNAUDITED)

12 Months Ended

May 27, 2018

QUARTERLY DATA (UNAUDITED) [Abstract]

QUARTERLY DATA (UNAUDITED)

NOTE 18. QUARTERLY DATA (UNAUDITED)

Summarized quarterly data for fiscal 2018 and fiscal 2017 follows:

In Millions, Except Per Share Amounts		First Quarter				Second Quarter				Third Quarter				Fourth Quarter
		Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year
		2018		2017		2018		2017		2018		2017		2018		2017
Net sales	$	3,769.2	$	3,907.9	$	4,198.7	$	4,112.1	$	3,882.3	$	3,793.2	$	3,890.2	$	3,806.6
Gross margin		1,310.1		1,416.9		1,443.0		1,519.5		1,255.3		1,307.7		1,419.1		1,319.7
Net earnings attributable to General Mills		404.7		409.0		430.5		481.8		941.4		357.8		354.4		408.9
EPS:
Basic	$	0.70	$	0.68	$	0.75	$	0.82	$	1.64	$	0.62	$	0.60	$	0.70
Diluted	$	0.69	$	0.67	$	0.74	$	0.80	$	1.62	$	0.61	$	0.59	$	0.69
Dividends per share	$	0.49	$	0.48	$	0.49	$	0.48	$	0.49	$	0.48	$	0.49	$	0.48
Market price of common stock:
High	$	58.83	$	72.64	$	56.43	$	71.42	$	60.20	$	63.87	$	51.99	$	61.16
Low	$	53.28	$	62.78	$	50.10	$	60.65	$	52.98	$	59.23	$	41.21	$	55.91

We recorded brand intangible asset impairment charges of $96.9 million in the fourth quarter of fiscal 2018. Please see Note 6 for more information. We also recorded $64.5 million of transaction and integration costs related to the acquisition of Blue Buffalo in the fourth quarter of fiscal 2018.