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European Investor 17 Dec 2025, 20:22
General Mills reported second-quarter fiscal 2026 results that reflected expected headwinds from brand investment spending, the divestiture of its North American yogurt business, and unfavorable trade expense timing, while reaffirming its full-year outlook. Net sales fell 7 percent to $4.9 billion and adjusted diluted EPS declined 21 percent in constant currency to $1.10, though management noted performance exceeded internal expectations and organic volume growth returned in North America Retail. The company reiterated confidence that ongoing investments in brand remarkability will support improved growth and competitiveness over the remainder of the fiscal year.

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