General Mills Inc. Publishes Fiscal 2026 Q3 Earnings Call Transcript

Reuters

Mar 18

General Mills Inc. Publishes Fiscal 2026 Q3 Earnings Call Transcript

General Mills released prepared remarks from its fiscal 2026 third-quarter earnings call, attended by Vice President of Investor Relations and Corporate Finance Jeff Siemon, CEO Jeff Harmening, and CFO Kofi Bruce. Management reaffirmed fiscal 2026 guidance, projecting organic net sales down 1.5% to 2% and adjusted operating profit down 16% to 20% in constant currency. For Q3, the company reported net sales of USD 4.4 billion and adjusted operating profit of USD 547 million, with adjusted EPS of USD 0.64. Harmening said organic net sales fell 3% and trailed Nielsen-measured retail sales by about 1.5 percentage points, citing retailer inventory headwinds in North America Retail and Pet that the company expects to partially reverse in Q4. Bruce said Q4 is expected to benefit from a 53rd week and a tailwind from trade expense timing comparisons, alongside a partial reversal of Q3 retailer inventory impacts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. General Mills Inc. published the original content used to generate this news brief on March 18, 2026, and is solely responsible for the information contained therein.

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Publishes Fiscal 2026 Q3 Earnings Call Transcript\n    \n\n        General Mills released prepared remarks from its fiscal 2026 third-quarter earnings call, attended by Vice President of Investor Relations and Corporate Finance Jeff Siemon, CEO Jeff Harmening, and CFO Kofi Bruce. Management reaffirmed fiscal 2026 guidance, projecting organic net sales down 1.5% to 2% and adjusted operating profit down 16% to 20% in constant currency. For Q3, the company reported net sales of USD 4.4 billion and adjusted operating profit of USD 547 million, with adjusted EPS of USD 0.64. Harmening said organic net sales fell 3% and trailed Nielsen-measured retail sales by about 1.5 percentage points, citing retailer inventory headwinds in North America Retail and Pet that the company expects to partially reverse in Q4. Bruce said Q4 is expected to benefit from a 53rd week and a tailwind from trade expense timing comparisons, alongside a partial reversal of Q3 retailer inventory impacts.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. General Mills Inc. published the original content used to generate this news brief on March 18, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}