GIS Q2 2026

Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025

Earnings

General Mills delivered a stronger-than-expected fiscal Q2 2026, posting adjusted diluted EPS of $1.10 against a consensus estimate of $1.03, a beat of 7.10%, while revenue of $4.86 billion cleared the $4.78 billion estimate by 1.65%, even as total n… Read more General Mills delivered a stronger-than-expected fiscal Q2 2026, posting adjusted diluted EPS of $1.10 against a consensus estimate of $1.03, a beat of 7.10%, while revenue of $4.86 billion cleared the $4.78 billion estimate by 1.65%, even as total net sales fell 7.2% year over year. The headline decline was largely structural, with divestitures, most notably the North American yogurt business, dragging net sales down by roughly 6 points; organic net sales slipped just 1%, reflecting deliberate price investments aimed at closing competitive gaps in key categories. The quarter was defined by intentional margin compression, with adjusted operating profit down 20% in constant currency as the company absorbed brand investment costs and unfavorable trade expense timing. Despite those pressures, volume trends showed signs of improvement, and North America Retail held or gained pound share in 8 of its top 10 U.S. Categories. General Mills reaffirmed its full-year fiscal 2026 outlook, guiding for organic net sales between down 1% and up 1% and adjusted diluted EPS down 10-15% in constant currency, signaling that near-term headwinds are viewed as investments in a more durable recovery rather than structural deterioration, though at least one analyst maintained a cautious stance following the print.