On December 17, 2025, General Mills, Inc. announced its fiscal second-quarter earnings, which exceeded analyst estimates. Net sales for the quarter ending November 23 declined 7% to $4.86 billion, surpassing projections of $4.78 billion. Adjusted earnings per share were $1.10, beating the forecast of $1.03.
The company attributed the performance to continued consumer preference for eating at home, which supported demand for breakfast cereals and pantry staples. General Mills confirmed its annual forecast, anticipating a 10% to 15% drop in profit and organic net sales ranging from a 1% gain to a 1% decline.
CEO Jeff Harmening noted improved momentum in the first half of the fiscal year but described the quarter as a turbulent operating environment.
The following day, December 18, 2025, Deutsche Bank increased its price objective for General Mills from $50 to $51, maintaining a Hold rating. The adjustment followed the company's earnings announcement.
General Mills, Inc. is a multinational food packaging corporation. It was recently listed among the 12 best food stocks to buy in 2026.