General Mills Fiscal Q1 Adjusted Earnings, Sales Fall; Annual Outlook Reaffirmed
MT Newswires Live
Sep 17
General Mills (GIS) reported fiscal Q1 adjusted earnings Wednesday of $0.86 per diluted share, down from $1.07 a year earlier.
Analysts polled by FactSet expected $0.81.
Net sales for the quarter ended Aug. 24 were $4.52 billion, down from $4.85 billion a year earlier.
Analysts surveyed by FactSet expected $4.52 billion.
For fiscal 2026, the company said it continues to expect adjusted EPS to drop 10% to 15% in constant currency, while organic net sales are still seen between down 1% and up 1%.
General Mills shares were down 1% in recent premarket activity.
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