US EditionGeneral Mills Reports Q4 Sales Drop, Forecasts Challenging Year Ahead for Consumers
- General Mills reported mixed results for its fiscal 2025 fourth quarter with $4.6 billion in net sales, down 3% year over year.
- The decline in sales was driven by the sale of the company's Canadian yogurt division, lower unit sales, and less favorable pricing outcomes.
- The pet food segment grew 12% to $675 million, boosted by acquisitions like WhiteBridge Pet Brands and Edgard & Cooper, supporting the company's expansion in pet offerings.
- General Mills reported an adjusted quarterly earnings per share of $0.74, surpassing the $0.71 consensus estimate, and announced a dividend payment of $0.61 per share, scheduled for August 1, 2025.
- The company projects a 10% to 15% decline in adjusted EPS from $4.21 for fiscal 2026 and plans to focus on regaining growth through increased sales volume amid a cautious market environment.
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General Mills Stock Tumbles on Sales Miss and Weak Guidance
·New York, United States
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Cheerios parent General Mills says it will sacrifice some profit to drive sales amid ‘cautious’ consumers. The stock is dropping.
The packaged-foods giant will look to keep retail and food-service prices low, with a focus on sales growth. Article Attribution | Read More at Article Source The post Cheerios parent General Mills says it will sacrifice some profit to drive sales amid ‘cautious’ consumers. The stock is dropping. appeared first on RocketNews.
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Leaning Left2Leaning Right0Center6Last UpdatedBias Distribution75% Center
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75% Center
L 25%
C 75%
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