Why General Mills Stock Was So Soggy Today
Investors clearly didn't want too many servings of food industry mainstay General Mills (NYSE: GIS) on Wednesday. Following the release of a disappointing set of earnings, they assertively traded out of the company's stock to leave it with a 5% decline on the day. That wasn't very tasty when compared to the S&P 500 (SNPINDEX: ^GSPC), which essentially flatlined that trading session.
For its fourth quarter of fiscal 2025, General Mills posted net sales of $4.6 billion, representing a decrease of 3% on a year-over-year basis. Worse, net income under generally accepted accounting principles (GAAP) standards shrank by 47% to $294 million. That bottom line looked slightly better on a per-share, non-GAAP (adjusted) basis; it fell a comparatively modest 27% to $0.74.
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Source Fool.com
