Net earnings attributable to General Mills were $294 million, down 47% compared to last year. GAAP earnings per share declined 46% to $0.53.
Adjusted EPS of $0.74 was down 27% in constant currency versus last year.
Net sales for the North America Retail segment decreased 10% to $2.6 billion while sales for the North America Pet segment grew 12% to $675 million YoY.
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Sales for the North America Foodservice segment were down 2% to $579 million while sales for the International segment were up 11% to $739 million.
For fiscal year 2026, organic sales are expected to range between down 1% and up 1%. Adjusted EPS is expected to be down 10-15% in constant currency from the base of $4.21 earned in fiscal year 2025.