General Mills, Inc. (NYSE:GIS), the maker of Cheerios, Blue Buffalo pet food, and other household staples, reported fiscal 2026 first-quarter results that came in slightly ahead of Wall Street expectations, but shares traded lower after the release. Adjusted earnings per share came in at 86 cents per share, topping analyst estimates of 81 cents per share, while revenue of $4.52 billion edged past projections of $4.51 billion. Reported net sales fell 7% from a year earlier, weighed down by a 4-point drag f ...

格隆汇9月17日｜通用磨坊公布2026财年第一季度业绩，净销售额同比下降6.8%至45.2亿美元，符合分 析师预期；净利润为12亿美元，较去年同期的5.799亿美元翻倍；调整后每股收益为86美分，好于分析 师预期的81美分。展望未来，公司维持全年有机净销售额增长介乎-1%至1%的预期。首席执行官Jeff Harmening表示，公司今年的主要目标仍是恢复有机销售增长。 ...

Core Viewpoint - General Mills reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.81 per share, but down from $1.07 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +6.17%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter ended August 2025 were $4.52 billion, surpassing the Zacks Consensus Estimate by 0.42%, but down from $4.85 billion year-over-year [3] Stock Performance - General Mills shares have declined approximately 22.3% since the beginning of the year, contrasting with the S&P 500's gain of 12.3% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.09 on revenues of $4.81 billion, and for the current fiscal year, it is $3.65 on revenues of $18.65 billion [8] - The outlook for the industry, particularly the Food - Miscellaneous sector, is unfavorable, ranking in the bottom 30% of over 250 Zacks industries [9]

Financial Performance - General Mills' Q1 Fiscal Year 2026 net sales reached $4518 million, a decrease of 7% compared to the previous year[82] - Organic net sales decreased by 3%[82] - Adjusted operating profit was $711 million, an 18% decrease[82] - Adjusted diluted EPS was $0.86, a 20% decrease[82] - The company reaffirms its full-year fiscal 2026 outlook, expecting organic net sales growth between -1% and +1%, adjusted operating profit growth between -15% and -10%, and adjusted diluted EPS growth between -15% and -10%[10, 77] Segment Performance - North America Retail organic net sales decreased by 5%[88] - North America Pet organic net sales decreased by 5%[91] - North America Foodservice organic net sales increased by 1%[93] - International organic net sales increased by 4%[95] Strategic Initiatives - The company is focused on restoring volume-driven organic sales growth[8, 116] - General Mills aims to return North America Retail to volume growth by investing in remarkable experiences to strengthen pound share and household penetration[20] - The company intends to accelerate N A Pet growth with an expanded portfolio, growing Core Blue Buffalo and driving category expansion opportunities[21, 22] - General Mills is driving efficiencies to reinvest in growth, delivering best-in-class HMM cost savings and executing a global transformation initiative[24]

Group 1: Wearables and IPOs - Meta Platforms (META) is set to unveil new smart glasses named "Celeste" with a built-in display at a retail price of $800 [1] - StubHub (STUB) is going public today after several delays, pricing its shares amid a recovering IPO market in 2025 [1] Group 2: Manufacturing Investments - GSK (GSK) announced a $30 billion investment in R&D and manufacturing in the United States [2] - Eli Lilly (LLY) revealed plans for a new $5 billion production plant in Virginia [2] Group 3: Federal Reserve Insights - Danielle DiMartino Booth discussed significant changes at the Federal Reserve, highlighting the impact of easy credit on consumer spending [2] - The conversation noted the reality of stagflation at the company level, with a margin squeeze being observed [2] Group 4: Retail and Media Developments - Kroger (KR) is reintroducing paper coupons as part of its retail strategy [3] - Paramount Skydance's bid for Warner Bros. (WBD) may take longer than expected [3] - Apollo Global (APO) is exploring the sale of AOL, an internet pioneer [4] Group 5: Technology and Transportation - Baidu (BIDU) shares surged as investors anticipate growth in AI [4] - Waymo is set to test robotaxis at San Francisco International Airport [5] Group 6: Market Updates - In Asia, Japan's market decreased by 0.3%, while Hong Kong increased by 1.8% [6] - In Europe, London saw a slight increase of 0.2%, while Paris decreased by 0.1% [6] - Futures indicate a slight increase in Dow by 0.1%, with S&P flat and Nasdaq down by 0.1% [6]

Cheerios maker General Mills reported profit that beat estimates, as consumers shift to eating more meals at home https://t.co/eUljCwfzt5 ...

Exhibit 99 FOR IMMEDIATE RELEASE September 17, 2025 General Mills Reports Fiscal 2026 First-quarter Results and Reaffirms Full-year Outlook MINNEAPOLIS (September 17, 2025) – General Mills, Inc. (NYSE: GIS) today reported results for its first quarter ended August 24, 2025. "Our primary goal in fiscal 2026 is to restore organic sales growth by investing in greater value, innovation, and product news for consumers," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "I'm pleased that we' ...

General Mills beat quarterly sales estimates on Wednesday, as price cuts taken in past on select products lifted demand. ...

Group 1 - General Mills Inc. is expected to report quarterly earnings of 81 cents per share on revenue of $4.51 billion [2] - Diversified Energy Company PLC announced a proposed secondary offering of 5,713,353 ordinary shares, leading to an 8.8% decline in its share price to $14.06 [2] - Manchester United PLC is anticipated to post a quarterly loss of 6 cents per share on revenue of $225.80 million, with shares slightly increasing by 0.1% to $16.42 [2] - New Fortress Energy Inc. has secured a long-term gas supply agreement with the Puerto Rican government, resulting in a 35% surge in its share price to $2.70 [2] - Cracker Barrel Old Country Store Inc. is projected to report quarterly earnings of 80 cents per share on revenue of $855.29 million [2]

Economic Data - The University of Michigan's preliminary U.S. consumer sentiment index fell to a 4-month low of 55.4 in September, below expectations of 58.2 [1] - Year-ahead inflation expectations remained unchanged at 4.8%, while 5-year implied inflation expectations increased to 3.9%, exceeding expectations of 3.4% [1] Stock Market Performance - Wall Street's major equity averages ended mixed, with Arista Networks (ANET) dropping over 8% due to unimpressive long-term projections [2] - Vaccine makers, including Moderna (MRNA) and BioNTech SE (BNTX), saw shares slide more than 7% following reports linking Covid shots to child deaths [2] - Warner Bros. Discovery (WBD) surged over 16% after news of a potential cash bid from Paramount Skydance [2] Upcoming Economic Reports - Investors are awaiting a retail sales report, which will provide insights into consumer spending [3][9] - Other significant data releases include U.S. Industrial Production, Manufacturing Production, and Initial Jobless Claims [9] Federal Reserve Actions - The Federal Reserve is expected to cut the Fed funds rate by 25 basis points to a range of 4.00% to 4.25% [7] - There is a possibility of a larger 50 basis point cut, with investors closely monitoring Chair Jerome Powell's remarks for future rate cut indications [7][8] Corporate Earnings - Notable companies such as FedEx (FDX), Lennar (LEN), and General Mills (GIS) are scheduled to release quarterly results this week [10] Trade Talks - U.S.-China trade talks began, focusing on trade, the economy, and TikTok's status, with expectations of nearing a deal [11] Bond Market - The yield on the benchmark 10-year U.S. Treasury note is at 4.064%, reflecting a 0.12% increase [12] European Market Insights - The Euro Stoxx 50 Index rose by 0.67%, with defense stocks outperforming amid ongoing geopolitical tensions [13] - Fitch Ratings downgraded France's sovereign credit rating to A+ from AA- due to political turmoil [13] Chinese Economic Data - China's August Industrial Production rose by 5.2% year-on-year, below expectations of 5.7% [16] - Retail Sales increased by 3.4% year-on-year, weaker than the expected 3.8% [16] - Fixed Asset Investment growth slowed to 0.5% year-on-year, below expectations of 1.5% [16]