General Mills (GIS) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - General Mills reported revenue of $5.24 billion for the quarter ended November 2024, marking a year-over-year increase of 2$1.40, up from $1.25 a year ago, representing a surprise of 14.75$1.22 [1] Revenue Performance - North America Foodservice net sales reached $630 million, surpassing the estimated$599.50 million, reflecting an 8.3% increase year-over-year [3] - International net sales were $690.60 million, slightly below the estimated$713.92 million, with a year-over-year change of 1.1% [3] - North America Pet net sales totaled $595.80 million, exceeding the average estimate of$566.81 million, showing a 4.7% increase year-over-year [3] - North America Retail net sales were $3.32 billion, slightly above the estimated$3.29 billion, with a year-over-year change of 0.5% [3] Operating Profit Analysis - North America Retail operating profit was $862.30 million, exceeding the average estimate of$833.27 million [3] - International operating profit was reported at $23.80 million, below the estimated$30.31 million [3] - North America Pet operating profit reached $139.30 million, surpassing the average estimate of$110.71 million [3] - North America Foodservice operating profit was $118.50 million, exceeding the estimated$97.52 million [3] Stock Performance - General Mills shares have returned +5% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]