GIS Stock Recent News

Jim Cramer breaks down why he's keeping an eye on shares of General Mills.

General Mills (GIS) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.17 per share a year ago.

The company said that organic net sales “finished below our expectations.”

General Mills updated guidance for organic sales to decline this fiscal year as concerns about the economy push consumers to spend less on snacks.

Pillsbury owner General Mills lowered its annual sales forecast on Wednesday, hit by increased competition from cheaper private label brands amid still high cost of living in an uncertain macro environment.

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today reported results for its fiscal 2025 third quarter. “Our third-quarter organic net sales finished below our expectations, driven largely by greater-than-expected retailer inventory headwinds and a slowdown in snacking categories,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “At the same time, we drove continued positive market share trends in Pet, Foodservice, and International as well as improvement.

General Mills, Inc. GIS will release its third-quarter financial results, before the opening bell, on Wednesday, March 19.

GIS' Q3 results are likely to reflect challenges stemming from rising selling, general and administrative costs despite cost-saving efforts.

CNBC's Jim Cramer walked investors through next week on Wall Street, telling them to take note of the Federal Reserve's next meeting and earnings reports from companies including FedEx, Micron and General Mills. He also warned that regardless of earnings, market action will likely be shaped by President Donald Trump and the Fed.

Beyond analysts' top -and-bottom-line estimates for General Mills (GIS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended February 2025.