General Mills, Inc. (NYSE: GIS) reported its second quarter 2026 earnings results today.
Net sales decreased 7% year-over-year to $4.9 billion. Organic sales were down 1%.
Net earnings attributable to General Mills was $413 million, down 48% from the prior-year quarter.
GAAP EPS declined 45% to $0.78 from last year. Adjusted EPS of $1.10 was down 21% in constant currency.
Revenue and earnings beat expectations. The stock gained over 2% in premarket hours on Wednesday.
For fiscal year 2026, GIS expects organic sales to range between down 1% to up 1%. Adjusted EPS is expected to be down 10-15% in constant currency.
Prior performance
