General Mills expects decline in earnings and sales for fiscal year 2025

From Nasdaq: 2025-03-19 07:34:46

General Mills, Inc. (GIS) reported lower adjusted earnings growth and organic net sales growth for fiscal 2025. Constant-currency adjusted earnings per share are expected to decline by 8 to 7 percent, with organic net sales down 2 to 1.5 percent. Analysts predict earnings of $4.34 per share on revenues of $19.79 billion. The company aims to achieve at least 5 percent savings in cost of goods sold in fiscal 2026 through its Holistic Margin Management program, targeting $600 million in gross productivity savings. A review of cost-saving initiatives is also underway to save at least $100 million in fiscal 2026.



Read more at Nasdaq: General Mills Slashes FY25 Outlook – Update