General Mills Lowers 2025 Outlook as Sales and Profits Decline

The company announces $100 million in cost-cutting measures to address inflationary pressures and shifting consumer behavior.

General Mills reported a 5% year-over-year decline in net sales for its fiscal third quarter, totaling $4.84 billion, and a 7% drop in profits to $625 million.
The company has revised its fiscal 2025 outlook, projecting organic net sales to decline by 1.5% to 2% and adjusted earnings per share to fall by 7% to 8%.
Cost-cutting measures include ending the G-Works innovation program and pausing new investments through its 301 Inc. venture arm.
Key challenges include retailer inventory headwinds, a slowdown in U.S. snacking categories, and softer demand in away-from-home food channels.
General Mills' stock price fell approximately 5% following the announcement of its downbeat outlook and financial results.