General Mills (GIS) Tops Q3 EPS by 2c, Misses on Revenue
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General Mills Reports Fiscal 2025 Third-quarter Results and Updates Full-year Outlook
March 19, 2025 7:00 AM EDTStrong Holistic Margin Management Productivity Savings and Expected Incremental Cost Efficiency Initiatives to Fuel Increased Growth Investment in Fiscal 2026
Third-quarter net sales of $4.8 billion were down 5 percent; organic net sales1 were also down 5 percent, including approximately 4 points of headwinds from retailer inventory reductions and the expected reversal of certain second-quarter favorable timing items Operating profit of $891 million was down 2 percent; adjusted operating profit of $801 million was down 13 percent in constant currency Diluted earnings per share (EPS) of $1.12 were down 4 percent; adjusted diluted EPS of $1.00 was down 15... More