General Mills, Inc. (NYSE: GIS) shares flourished Wednesday, on today reporting results for its second quarter ended November 23, 2025.
Net sales were down 7% to $4.9 billion, including a six-point headwind from the net impact of divestitures and acquisitions. Organic net sales were down 1%, driven by unfavorable organic net price realization and mix.
Net earnings attributable to General Mills of $413 million were down 48% and diluted EPS was down 45% to $0.78, driven primarily by lower operating profit, lower after-tax earnings from joint ventures, and a higher effective tax rate, partially offset by lower net shares outstanding.
Adjusted diluted EPS of $1.10 was down 21 percent in constant currency, driven primarily by lower adjusted operating profit and a higher adjusted effective tax rate, partially offset by lower net shares outstanding.
“Our team continued to execute exceptionally well in a volatile operating environment, delivering results ahead of our expectations in the second quarter,” said General Mills CEO Jeff Harmening.
“Our investments in remarkability are working, helping restore organic volume growth in North America Retail this quarter and driving strong competitiveness across each of our segments. With improved momentum in the first half and confidence in our plans to drive further improvement in the rest of the year, we are reaffirming our full-year fiscal 2026 outlook.”
GIS shares claimed 81 cents, or 1.7%, to $47.86.
