General Mills: profits down in Q1

(CercleFinance.com) - General Mills reports adjusted EPS of $1.
07, along with adjusted operating profit of $865m for Q1 2024-25, down 2% and 4% respectively at constant exchange rates. NB: pmt -3%.

At $4.8bn, the food group's sales (Green Giant, Cheerios, Häagen-Dazs) fell by 1% organically, due to unfavourable price and mix effects, while volumes were flat.

General Mills confirms its FY targets, i.e. pretty flat LFL growth (-1% to +1%) for adjusted EPS, with adjusted operating profit either down slightly (-2%) to flat (0%), as well as organic sales growth of 0 to +1%.


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