General Mills Results: Analyzing Q1 2025 Earnings Performance
General Mills' Q1 2025 Earnings Overview
General Mills, Inc. (NYSE: GIS) reported significant earnings results for its first quarter of fiscal year 2025. The company experienced a 1% decrease in net sales compared to the previous year, resulting in $4.8 billion in total sales. The organic sales during this period also fell by 1%.
Net Earnings and EPS Analysis
In terms of profitability, the net earnings attributable to General Mills reached $580 million, marking a sharp 14% decline YoY. Meanwhile, the earnings per share (EPS) saw a 10% drop to $1.03. Adjusted EPS stood at $1.07, reflecting a 2% decrease when adjusted for constant currency fluctuations.
Outlook for Fiscal Year 2025
- The company anticipates organic net sales growth to fall between flat to up 1%.
- Adjusted EPS expectations indicate potential declines within the -1% to +1% range.
With this performance, the GIS stock decreased by over 1% in premarket trading, highlighting investor concerns.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.