secwatch.observer — SEC 8-K summary
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Issuer:     GENERAL MILLS INC (GIS)
CIK:        0000040704
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001193125-24-280822
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Mills Q2 revenue up 2% to $5.2B; lowers FY25 adjusted profit guidance
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- Net sales $5.2B (+2%); organic +1%; reported EPS $1.42 (+39%), adj. EPS $1.40 (+12% constant currency).
- Guidance lowered: adj. operating profit now -2% to -4% constant currency (prev. -2% to flat); adj. EPS -1% to -3% (prev. -1% to +1%).
- North America Pet sales +5% with volume +9%; segment op. profit +36% on HMM cost savings and higher volume.
- International organic sales -3%; segment op. profit -31% as reported, hurt by unfavorable price/mix and higher SG&A.
- Repurchased 9M shares for $600M in H1; average diluted shares down 4% year-over-year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/40704/000119312524280822/0001193125-24-280822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/40704/000119312524280822/d872123d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-280822

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