WS Investor
20 Dec 2025, 20:06
General Mills Reports Fiscal 2026 Second-Quarter Results, Reaffirms Full-Year Outlook
General Mills reported fiscal 2026 second-quarter net sales of $4.9 billion, down 7 percent year over year, reflecting a significant headwind from North American yogurt divestitures and continued investments to strengthen brand remarkability. Organic net sales declined 1 percent, while operating profit fell 32 percent to $728 million. Diluted earnings per share decreased 45 percent to $0.78, with adjusted diluted EPS down 21 percent in constant currency to $1.10, largely due to lower gross profit and higher costs.
Management said performance exceeded internal expectations despite the near-term financial pressure from brand investments and portfolio changes. The company highlighted improving organic volume trends in North America Retail and stronger competitive positioning across segments, supported by expanded product innovation, packaging updates, and enhanced omnichannel execution.
Based on improved momentum in the first half of the fiscal year, General Mills reaffirmed its full-year fiscal 2026 outlook. The company expects near-term pressure on operating profit and EPS to persist but said these investments are intended to restore volume-led growth and support more sustainable, profitable performance over the long term.
Source: General Mills, Business Wire
General Mills reported fiscal 2026 second-quarter net sales of $4.9 billion, down 7 percent year over year, reflecting a significant headwind from North American yogurt divestitures and continued investments to strengthen brand remarkability. Organic net sales declined 1 percent, while operating profit fell 32 percent to $728 million. Diluted earnings per share decreased 45 percent to $0.78, with adjusted diluted EPS down 21 percent in constant currency to $1.10, largely due to lower gross profit and higher costs.
Management said performance exceeded internal expectations despite the near-term financial pressure from brand investments and portfolio changes. The company highlighted improving organic volume trends in North America Retail and stronger competitive positioning across segments, supported by expanded product innovation, packaging updates, and enhanced omnichannel execution.
Based on improved momentum in the first half of the fiscal year, General Mills reaffirmed its full-year fiscal 2026 outlook. The company expects near-term pressure on operating profit and EPS to persist but said these investments are intended to restore volume-led growth and support more sustainable, profitable performance over the long term.
Source: General Mills, Business Wire
