General Mills lowers FY25 adjusted EPS view to down 1%-3% from down 1% to up 1%

Backs FY25 organic net sales view flat to up 1%. Lowers FY25 adjusted operating profit view to down 2%-4% from flat to down 2%. The company said, “Amid an uncertain macroeconomic backdrop for consumers across its core markets, General Mills (GIS) is focused on delivering remarkable experiences across its leading food brands, resulting in sustainable improvement in volume growth and market share trends over time. Through the first six months of fiscal 2025, General Mills generated 1 percent growth in organic pound volume, which represented a 4-point improvement versus its fiscal 2024 performance. Additionally, it grew or maintained dollar market share in 38 percent of its priority businesses in the second quarter, which represented a significant improvement from fiscal 2024 levels. To support these improvements, the company has added targeted promotional investment – above its original plans – in certain priority categories to deliver greater value for consumers, while continuing to invest in brand building above fiscal 2024 levels.”