General Mills Inc
DUS:GRM

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General Mills Inc Logo
General Mills Inc
DUS:GRM
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Price: 37.35 EUR -0.93%
Market Cap: €20.8B

General Mills Inc
Investor Relations

In the bustling arena of the global food industry, General Mills Inc. emerges as a stalwart, weaving its narrative through a rich tapestry of household brands and beloved products. Founded in the late 19th century, the company has continuously evolved, deftly maneuvering through the changing tides of consumer preferences and market demands. Headquartered in Golden Valley, Minnesota, General Mills is a powerhouse that has established a significant footprint in over 100 countries worldwide. The company garners a robust line-up of products spanning across cereals, snacks, dairy products, and pet foods, with iconic brands like Cheerios, Betty Crocker, Haagen-Dazs, and Blue Buffalo forming the backbone of its portfolio. This vast assortment is strategically developed to capture both traditional aisles in brick-and-mortar supermarkets and the swiftly expanding e-commerce sector.

At the core of its operational prowess is a keen focus on innovation and an astute understanding of market dynamics. General Mills thrives on its ability to identify and capitalize on burgeoning food trends—organic, natural, and wellness-focused products—realigning its offerings to meet the changing tastes of discerning consumers. The company invests significantly in research and development, aiming to not only refine existing products but also to pioneer new ones that push the culinary envelope. Meanwhile, strategic acquisitions have allowed General Mills to broaden its market reach and diversify its revenue streams. By leveraging efficient supply chain mechanisms and strong retailer relationships, it ensures that its products maintain prominence on shelves across the globe. Thus, through a confluence of strategic agility and brand resilience, General Mills continues to generate substantial revenue and remains a formidable player in the dynamic landscape of the global food industry.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Dec 17, 2025
AI Summary
Q2 2026

Revenue Decline: General Mills reported Q2 net sales of $4.9 billion, down 7% year-over-year, driven mainly by divestitures and acquisitions.

Organic Sales Trends: Organic net sales fell 1% in Q2, but this was a sequential improvement from Q1; organic volume was flat.

Profit Pressure: Adjusted operating profit dropped 20% and adjusted EPS declined 21% due to higher input costs and strategic investment spending.

Guidance Reaffirmed: The company reaffirmed its fiscal 2026 guidance, expecting organic net sales between -1% and +1% and operating profit and EPS down 10–15%.

Brand Investments: Increased investment in innovation, marketing, and value-oriented pricing to drive competitiveness, especially in North America.

Pet and International Strength: North America Pet segment organic sales grew 1% and International organic sales increased 4%, with continued share gains in key markets.

Cost Savings: Holistic margin management remains on track to deliver 5% cost of goods sold savings in fiscal 2026.

Key Financials
Net Sales
$4.9B
Adjusted Operating Profit
$848M
Adjusted Diluted EPS
$1.10
Adjusted Gross Margin
34.8%
Adjusted Operating Profit Margin
17.4%
Adjusted Effective Tax Rate
23.3%
Average Diluted Shares Outstanding
537M
Q2 Joint Venture After-Tax Loss
$60M
First Half Operating Cash Flow
$1.2B
First Half Capital Investments
$253M
First Half Dividends Paid
$659M
Other Earnings Calls

Management

Ms. Karen Wilson Thissen
General Counsel & Corporate Secretary
No Bio Available
Mr. Jonathon J. Nudi
Group President of Pet & International and North America Foodservice (NAF)
No Bio Available
Ms. Dana M. McNabb
Group President of North America Retail
No Bio Available
Mr. Mark A. Pallot
VP & Chief Accounting Officer
No Bio Available
Ms. Lanette Shaffer Werner
Chief Innovation, Technology & Quality (ITQ) Officer
No Bio Available
Mr. Jano Cabrera
Chief Communications Officer
No Bio Available
Ms. Jacqueline R. Williams-Roll
Chief Human Resources Officer
No Bio Available
Ms. Bethany C. Quam
President of U.S. Morning Foods
No Bio Available
Mr. Ricardo Fernandez
President of International Segment
No Bio Available
Mr. Pankaj Sharma
Segment President of North America Foodservice
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
Number One General Mills Blvd
Contacts
+17637647600.0
www.generalmills.com