General Mills Q3 Revenue Falls 5%
Consumer food manufacturing giant General Mills (NYSE:GIS) reported mixed fiscal 2025 third-quarter earnings on Wednesday, March 19. Revenue of $4.8 billion fell short of analysts' consensus estimates of $4.96 billion and was down 5% year over year. This was primarily due to retailer inventory reductions, slow snack sales, and foreign currency challenges. Adjusted EPS fell to $1.00, representing a 15% decline year over year, but it beat the $0.96 expectation.
Overall, the quarter suggested financial pressures, and the company lowered its guidance for the remainder of the fiscal year.
Source: General Mills. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
