Core Insights - General Mills reported mixed results for Q3 of fiscal 2025, with revenue of $4.8 billion falling short of analysts' expectations and down 5% year over year [2][3] - The company lowered its guidance for the remainder of the fiscal year, anticipating a decline in organic net sales and adjusted operating profit [3][10] Financial Performance - Adjusted EPS for Q3 2025 was $1.00, a 15% decline from $1.17 in Q3 2024, but above the expected $0.96 [4] - Revenue decreased to $4.84 billion from $5.1 billion in Q3 2024, reflecting a 5% year-over-year drop [4] - Adjusted operating profit fell to $801 million, down 12.4% year over year, while gross margin improved slightly to 33.9% [4][9] Segment Performance - North America Retail saw a 7% drop in net sales, and North America Pet experienced a 20% decrease in operating profit [7] - International segment sales declined by 4% due to unfavorable currency impacts, while North America Foodservice sales increased by 1% [7] Strategic Focus - General Mills is focused on product innovation and marketing to maintain competitiveness, leveraging strong brand equity and consumer preferences [5][6] - The company is implementing the Holistic Margin Management strategy to improve gross margins amidst rising input costs [9] Future Outlook - Management revised full-year guidance, predicting a 1.5% to 2% decline in organic net sales and a 7% to 8% decline in adjusted operating profit and EPS [10] - The company aims to reduce the cost of goods sold by 5% in fiscal 2026 through targeted cost efficiencies [10]