---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-299294"
form_type: "8-K"
ticker: "GIS"
cik: "0000040704"
company_name: "GENERAL MILLS INC"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:12:15.147965+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# General Mills Q2 net sales down 2% to $5.1B; cuts FY organic sales view to -1% to flat

## Summary
- Adjusted diluted EPS of $1.25, up 14% in constant currency; GAAP EPS $1.02, up 1%.
- Organic net sales fell 2% in Q2; 2-year compound growth of 4%.
- Pet segment sales -4% to $569M; North America Retail -2% to $3.3B.
- FY 2024 guidance: organic net sales now -1% to 0% (prior 3-4% growth); adjusted OP and EPS growth 4-5% CC (prior 4-6%).
- HMM cost savings raised to ~5% of COGS from prior 4%; $1.3B in share repurchases in H1.

## SEC filing metadata
- accession: 0001193125-23-299294
- form_type: 8-K
- ticker: GIS
- cik: 0000040704
- company_name: GENERAL MILLS INC
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/0001193125-23-299294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/d660865d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-299294
- JSON: https://secwatch.observer/filing/0001193125-23-299294.json
- Plain text: https://secwatch.observer/filing/0001193125-23-299294.txt

## Key facts
- Earnings Releases
  GENERAL MILLS INC reported its fiscal 2024 second quarter results: revenue $5.1 billion, net income $596 million, EPS $1.02.
  - Period: its fiscal 2024 second quarter
  - Revenue: $5.1 billion
  - Net income: $596 million
  - EPS: $1.02
  - Result: reported results
  source text: General Mills Reports Fiscal 2024 Second-quarter Results and Updates Full-year Outlook ● Net sales of $5.1 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/0001193125-23-299294-index.htm
- Earnings Releases
  GENERAL MILLS INC reported Six Month Results results: revenue $10.0 billion, net income $1.3 billion, EPS $2.16.
  - Period: Six Month Results
  - Revenue: $10.0 billion
  - Net income: $1.3 billion
  - EPS: $2.16
  - Result: reported results
  source text: Net sales increased 1 percent to $10.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/40704/000119312523299294/0001193125-23-299294-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.