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.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.