Core Insights - General Mills reported earnings per share of $1.10, exceeding the estimated $1.02, and revenue of approximately $4.86 billion, surpassing the estimated $4.78 billion [1][5] - The company has faced challenges, including a decline in second-quarter profit and sales, but implemented price cuts to attract consumers affected by inflation, which boosted sales [2][5] - General Mills reaffirmed its full-year outlook, demonstrating confidence in its strategic direction despite a volatile environment [3][5] Financial Metrics - The company has a price-to-earnings (P/E) ratio of approximately 10.15, indicating the market's valuation of its earnings [4] - The price-to-sales ratio is about 1.38, and the enterprise value to sales ratio is around 2.07, reflecting the company's valuation compared to its sales [4] - The debt-to-equity ratio is approximately 1.47, highlighting its use of debt financing relative to equity [4]

General Mills (NYSE:GIS) Q2 2026 Earnings Call December 17, 2025 09:00 AM ET Speaker2 Hello, and welcome to the General Mills Inc. Second Quarter Fiscal Year 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and- answer session, and to ask a question, please press star one on your telephone keypad. I would now like to turn the conference over to Jeff Siemon, Vice President, Investor Relations and Corporate Finance. Y ...

General Mills (GIS) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.4 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.84%. A quarter ago, it was expected that this maker of Cheerios cereal, Yoplait yogurt and other packaged foods would post earnings of $0.81 per share when it actually produced earnings of $0.86, delivering a surpris ...

General Mills Inc. (NYSE:GIS) stock rose Wednesday after the food giant beat second-quarter earnings and revenue estimates and reaffirmed its fiscal 2026 outlook, signaling resilient consumer demand and early traction from stepped-up brand investments even as higher input costs and margin pressure persist.Management pointed to strong execution, brand investments, and steady demand across key segments as drivers of the performance.The company reported second-quarter adjusted earnings per share of $1.10, beat ...

As the year winds down, General Mills’ latest earnings offer a sobering read on the U.S. consumer and the economy writ large. The headline numbers show clear strain, with organic net sales falling 1%, adjusted operating profit dropping 20%, and margins compressing across the company's core North America business. The writing on the wall? Lower-income and more middle-class shoppers are increasingly reaching for generic store brands and looking to cut their grocery bills any way they can, which is bad news ...

Financial Performance - Q2 Fiscal Year 2026 - Net sales decreased by 7% to $4.861 billion, while organic net sales decreased by 1%[80] - Adjusted operating profit decreased by 20% to $848 million[80] - Adjusted diluted EPS decreased by 21% to $1.10[80] - Adjusted gross margin decreased from 36.3% to 34.8%[103] Segment Performance - Q2 Fiscal Year 2026 - North America Retail organic net sales decreased by 3%[87] - North America Pet organic net sales increased by 1%[89] - North America Foodservice organic net sales was flat[92] - International organic net sales increased by 4%[94] Fiscal Year 2026 Outlook - The company reaffirmed its fiscal year 2026 outlook, including organic net sales growth of -1% to +1%[10, 75] - Adjusted operating profit growth of -15% to -10%[75] - Adjusted diluted EPS growth of -15% to -10%[75]

格隆汇12月17日｜通用磨坊公布第二财季业绩，销售额为48.6亿美元，同比下降7%，仍超过分析师预 期的48.18亿美元；经营利润为7.28亿美元，同比下降32%；摊薄后每股收益为0.78美元。通用磨坊确认 2026财年调整后每股收益指引为3.58至3.79美元，分析师预期为3.65美元。 ...

Core Insights - General Mills reported a decline in second-quarter profit and sales as the company implements price cuts to attract consumers affected by inflation [1] Financial Performance - The company experienced lower profit and sales figures in the second quarter [1] - Price cuts are being utilized as a strategy to draw in inflation-weary consumers [1]

General Mills beat quarterly sales estimates on Wednesday, as more consumers ate at home than dined out, boosting demand for the Cheerios maker's pantry staples and breakfast cereals. ...

Financial Performance - Net sales for the second quarter were $4.9 billion, down 7%, with organic net sales down 1%[5] - Operating profit decreased by 32% to $728 million, while adjusted operating profit was down 20% in constant currency to $848 million[6] - Diluted earnings per share (EPS) fell 45% to $0.78, with adjusted diluted EPS down 21% in constant currency to $1.10[5] - For the quarter ended November 23, 2025, net sales were $4,860.8 million, a decrease of 7% compared to $5,240.1 million in the same quarter of 2024[32] - Operating profit for the same quarter was $728.0 million, down 32% from $1,077.9 million year-over-year[32] - Net earnings attributable to General Mills for the quarter ended Nov. 23, 2025, were $413.0 million, or 8.5% of net sales, compared to $795.7 million and 15.2% in the same quarter of 2024[74] - Adjusted net earnings attributable to General Mills for the six-month period ended Nov. 23, 2025, were $1,059.6 million, or 11.3% of net sales, compared to $1,391.1 million and 13.8% in the prior year[76] - The total segment operating profit for the six-month period ended Nov. 23, 2025, decreased by 17% on a reported basis[80] Sales by Segment - North America Retail segment net sales decreased 13% to $2.9 billion, with organic net sales down 3%[12] - North America Pet segment net sales increased 11% to $660 million, benefiting from the North American Whitebridge Pet Brands acquisition[14] - International segment net sales rose 6% to $729 million, with organic net sales up 4%[19] - North America Retail segment net sales decreased by 13% to $2,883.3 million for the quarter ended November 23, 2025[35] - The International segment reported a 6% increase in net sales to $728.9 million for the same quarter[35] - The North America Pet segment saw an 11% increase in net sales, reaching $660.4 million for the quarter[35] Future Expectations - The company expects a 25% increase in sales from new products in fiscal 2026, driven by investments in brand remarkability[3] - General Mills expects organic net sales growth to range between down 1% and up 1% for fiscal 2026[30] - Adjusted operating profit and adjusted diluted EPS are projected to decline by 10% to 15% in constant currency[30] - The company anticipates a net impact of divestitures and acquisitions to reduce full-year net sales growth by approximately 4%[30] - The company expects to incur approximately $82 million of restructuring charges related to a multi-year organizational initiative to enhance supply chain competitiveness[45] - The company expects a net sales growth reduction of approximately 4% due to foreign currency exchange rates, acquisitions, and a 53rd week in fiscal 2026[55] - Restructuring and transformation charges for fiscal 2026 are expected to total approximately $160 million to $165 million[55] Cash Flow and Assets - Cash provided by operating activities totaled $1.2 billion through six months, down from $1.8 billion a year ago[25] - Cash and cash equivalents at the end of the period were $683.4 million, down from $2,292.8 million at the end of the previous year[40] - The net cash provided by operating activities was $1,216.3 million for the six-month period ended November 23, 2025, compared to $1,774.7 million in the same period last year[41] - Total current assets decreased to $5,071.1 million as of November 23, 2025, from $7,381.4 million a year earlier[38] - Total liabilities decreased to $23,220.2 million as of November 23, 2025, compared to $23,946.9 million in the previous year[38] Restructuring and Charges - Restructuring and other exit costs totaled $122 million in the second quarter, significantly higher than $1 million a year ago[23] - Restructuring, transformation, and impairment charges totaled $125.1 million for the six-month period ended November 23, 2025[46] - The company recorded a $53 million non-cash impairment charge related to the Uncle Toby's brand intangible asset in the second quarter of fiscal 2026[46] - Restructuring and transformation charges for the quarter ended Nov. 23, 2025, amounted to $72.2 million, contributing 1.5% to operating profit[74] Tax and Earnings - The effective tax rate for the second quarter was 23.3%, compared to 20.1% last year[24] - The effective tax rate for the six-month period ended November 23, 2025, was 24.9%, an increase of 4.0 percentage points from 20.9% in the same period last year[50] - Diluted earnings per share for the six-month period ended November 23, 2025, were $3.00, a 22% increase from $2.45 in the same period last year[71] - Unallocated corporate expense totaled $214 million for the six-month period ended November 23, 2025, up from $189 million in the same period last year[49] Acquisitions and Divestitures - The company recorded a pre-tax gain of $1,046 million from the sale of its United States yogurt business to Groupe Lactalis S.A. in the first quarter of fiscal 2026[47] - The acquisition of NX Pet Holding, Inc. for $1 billion resulted in goodwill of $1,087 million and an indefinite-lived intangible asset for the Tiki Pets brand totaling $289 million[44] - The company recorded $14 million in transaction costs related to the sale of its United States yogurt business in the six-month period ended November 23, 2025[49] - The company experienced a divestiture gain of $1,054.4 million, which negatively impacted the operating profit margin by 11.2% for the six-month period ended Nov. 23, 2025[76]