Q3 25 EPS
$1.00
BEAT +4.08%
Est. $0.96
Q3 25 Revenue
$4.84B
MISS 2.25%
Est. $4.95B
vs S&P Since Q3 25
-65.8%
TRAILING MARKET
GIS -38.8% vs S&P +27.1%
Market Reaction
Did GIS Beat Earnings? Q3 2025 Results
General Mills delivered a mixed fiscal third quarter for 2025, managing a narrow earnings beat while falling short on sales in what CEO Jeff Harmening conceded came in below expectations. Adjusted diluted EPS of $1.00 cleared the $0.96 consensus by 4… Read more General Mills delivered a mixed fiscal third quarter for 2025, managing a narrow earnings beat while falling short on sales in what CEO Jeff Harmening conceded came in below expectations. Adjusted diluted EPS of $1.00 cleared the $0.96 consensus by 4.08%, yet revenue of $4.84 billion trailed analyst estimates of $4.95 billion by 2.25%, sliding 5% year-over-year as retailer inventory reductions and weak U.S. Snacking demand weighed heavily on the top line. The North America Retail segment bore the brunt of the pressure, with net sales falling 7% to $3.01 billion, while unfavorable foreign currency movements compounded the damage across the International segment. With consumers increasingly gravitating toward cheaper alternatives amid lingering inflation, the company also slashed its full-year outlook, now guiding organic net sales down 2% to 1.5% and adjusted diluted EPS down 8% to 7% in constant currency, a meaningful step down from prior guidance. Management pointed to a planned $100 million in incremental cost savings as a key lever to fund renewed investment in brands and innovation heading into fiscal 2026.
Key Takeaways
- • Greater-than-expected retailer inventory reductions drove approximately 4 points of headwinds to organic net sales
- • Slowdown in U.S. snacking categories impacted North America Retail
- • Holistic Margin Management (HMM) cost savings partially offset input cost inflation
- • Higher adjusted effective tax rate of 21.0% vs 18.4% year-ago due to non-recurring discrete tax benefits in fiscal 2024
- • Higher net interest expense from increased long-term debt levels
- • Lower net shares outstanding partially offset EPS declines
- • Canada yogurt divestiture contributed $96 million pre-tax gain
GIS YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
GIS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our third-quarter organic net sales finished below our expectations, driven largely by greater-than-expected retailer inventory headwinds and a slowdown in snacking categories. At the same time, we drove continued positive market share trends in Pet, Foodservice, and International as well as improvement in Pillsbury refrigerated dough and Totino's hot snacks, two businesses where we made incremental investments last quarter and saw positive returns.”
— Jeff Harmening, Q3 2025 Earnings Press Release
GIS Earnings Trends
GIS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GIS EPS Trend
Earnings per share: estimate vs actual
GIS Revenue Trend
Quarterly revenue: estimate vs actual
GIS Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $0.64 | — | $4.44B | +0.15% |
| Q2 26 BEAT | $1.03 | $1.10 | +7.10% | $4.86B | +1.65% |
| Q1 26 BEAT | $0.82 | $0.86 | +5.44% | $4.52B | +0.05% |
| Q4 25 BEAT FY | $0.71 | $0.74 | +4.23% | $4.56B | — |
| FY Full Year | $0.00 | $4.21 | — | $19.49B | — |
| Q3 25 BEAT | $0.96 | $1.00 | +4.08% | $4.84B | -2.25% |