General Mills, Inc. (GIS), a food company, on Wednesday reported its net income decreased in the second quarter compared with the previous year.
For the second quarter, net income decreased 48 percent to $413 million from $795.7 million in the previous year.
Earnings per share were $0.78 versus $1.42 last year.
On the adjusted basis, net income slid to $590.6 million from $785.2 million in the previous year.
Adjusted earnings per share were $1.10 versus $1.40 last year.
Operating profit declined 32 percent to $728 million from $1.08 billion in the prior year.
Net sales decreased 7 percent to $4.86 billion from $5.24 billion in the previous year.
Further, the company reaffirmed its full-year 2026 outlook.
The group expected organic net sales to range between down 1 percent and up 1 percent.
Adjusted operating profit and adjusted diluted EPS are both expected to be down 10 to 15 percent in constant currency for the full year 2026.
In the pre-market trading, General Mills is 1.62% higher at $47.77 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.