The earnings call presented a mixed outlook with notable achievements in the cereal and pet segments, but challenges in profit outlook and specific international markets like China. Increased investments are expected to impact short-term profitability, yet they are seen as necessary for long-term growth.

Company Guidance

During the General Mills Q2 2025 earnings call, the guidance emphasized the company's strategic focus on accelerating organic sales growth and improving volume growth by enhancing market share. This initiative was supported by increased investments in the business, including product renovation, brand building, and promotional support, which were above the original plan due to sustained value-seeking behavior among consumers. The company reported progress in various segments, such as a return to growth in the Blue Buffalo Pet Food business and U.S. cereal market share growth. Despite these improvements, challenges remain in specific areas like U.S. refrigerated dough, prompting adjustments to ensure better consumer value. The increased investment is expected to impact profit outlooks for the latter half of the year, but management remains confident that these steps will set the stage for stronger growth in fiscal 2026 and beyond. Key metrics include a revised input cost inflation guidance of 4%, an expected 5% HMM (Holistic Margin Management) productivity target, and an 8-point decline in operating profit for the back half of the fiscal year.

U.S. Cereal Business Growth

General Mills' U.S. cereal business returned to pound share growth with successful brand campaigns and innovation. The company saw significant improvements in share trends for food snacks, Mexican foods, soups, snack bars, and food service channels.

Pet Segment Recovery

Blue Buffalo Pet Food business returned to growth, with high single-digit growth in its Life Protection Formula. The company expects to see growth in the Wilderness line in the back half of the year.

Strong Performance in Food Service

The Food Service segment has been performing well, particularly in K-12 schools, showcasing General Mills' ability to effectively navigate regulatory environments and adapt to changing standards.

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General Mills (GIS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GIS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 18, 2024	2025 (Q2)	1.22 / 1.40	1.25	12.00% (+0.15)	―	―
Sep 18, 2024	2025 (Q1)	1.06 / 1.07	1.09	-1.83% (-0.02)
Jun 26, 2024	2024 (Q4)	0.99 / 1.01	1.12	-9.82% (-0.11)	―
Mar 20, 2024	2024 (Q3)	1.04 / 1.17	0.97	20.62% (+0.20)
Dec 20, 2023	2024 (Q2)	1.16 / 1.25	1.1	13.64% (+0.15)	―
Sep 20, 2023	2024 (Q1)	1.08 / 1.09	1.11	-1.80% (-0.02)
Jun 28, 2023	2023 (Q4)	1.07 / 1.12	1.12	0.00% (0.00)
Mar 23, 2023	2023 (Q3)	0.93 / 0.97	0.84	15.48% (+0.13)
Dec 20, 2022	2023 (Q2)	1.06 / 1.10	0.99	11.11% (+0.11)
Sep 21, 2022	2023 (Q1)	1.00 / 1.11	0.99	12.12% (+0.12)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GIS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 18, 2024	$65.93	$63.91	-3.06%
Sep 18, 2024	$73.88	$74.38	+0.68%
Jun 26, 2024	$66.06	$63.03	-4.59%
Mar 20, 2024	$66.84	$67.62	+1.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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