From Financial Modeling Prep: 2024-12-18 09:20:00

General Mills (NYSE:GIS) exceeded expectations in Q2 with adjusted EPS of $1.40 and revenue of $5.2 billion, up 2% YoY. However, shares dropped 4% as the company lowered full-year profit outlook due to increased promotional investments and challenges ahead.

Adjusted operating profit is now expected to decline 2-4%, reflecting a shift from prior guidance. Despite positive growth in key areas, organic net sales growth for 2025 is now at the lower end of 0-1%.

Temporary factors boosted Q2 results, with varying performance across segments. North America Retail saw flat sales while North America Pet business increased by 5%.

General Mills faces challenges ahead despite progress made, with guidance adjustments reflecting the obstacles to maintaining momentum.



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