- Sales Results
- Financial Performance
- Future Outlook
General Mills, Inc. (NYSE: GIS) reported its first-quarter results for fiscal 2025, showing mixed performance across key financial metrics.
Sales Results
Net sales for the quarter were $4.8 billion, a decline of 1% compared to the same period last year. Organic net sales also mirrored this 1% drop, driven primarily by unfavorable net price realization and mix.
Financial Performance
Operating profit took a significant hit, dropping 11% to $832 million, while adjusted operating profit fell by 4% in constant currency to $865 million. Diluted earnings per share (EPS) stood at $1.03, down 10%, with adjusted diluted EPS at $1.07, reflecting a 2% decrease in constant currency.
Future Outlook
General Mills reaffirmed its full-year fiscal 2025 outlook, despite the mixed results in the first quarter. The company expects organic net sales to range between flat and up 1% for the full year. Adjusted operating profit is anticipated to be between down 2% and flat in constant currency, while adjusted diluted EPS is projected to range from down 1% to up 1% in constant currency.
Despite current challenges, General Mills remains focused on executing its Accelerate strategy, aiming for sustainable growth and leading shareholder returns.
