Executive Summary
General Mills reported a solid QQ2 2025 performance with revenue of $5.240B, up 2.76% year over year and 8.09% quarter over quarter, reflecting stable demand for core cereals, snacks, and pet foods. Gross profit reached $1.931B, a 13.10% YoY and 14.35% QoQ improvement, driving a gross margin of approximately 36.85%. Operating income rose to $1.078B, up 18.36% YoY and 29.63% QoQ, supported by disciplined cost management and a favorable product mix. Net income was $795.7M, translating to a net margin of 15.18% and EPS of $1.43 (diluted $1.42).
Key Performance Indicators
Key Insights
Revenue: $5.240B, YoY +2.76%, QoQ +8.09%. Gross Profit: $1.931B, YoY +13.10%, QoQ +14.35%, margin ~36.85%. Operating Income: $1.078B, YoY +18.36%, QoQ +29.63%, margin ~20.57%. Net Income: $0.796B, YoY +18.74%, QoQ +37.21%, net margin ~15.18%. EPS: $1.43 (diluted $1.42), YoY +21.19%, QoQ +38.83%. EBITDA: $1.209B, EBITDA margin ~23.06%....
Financial Highlights
Revenue: $5.240B, YoY +2.76%, QoQ +8.09%. Gross Profit: $1.931B, YoY +13.10%, QoQ +14.35%, margin ~36.85%. Operating Income: $1.078B, YoY +18.36%, QoQ +29.63%, margin ~20.57%. Net Income: $0.796B, YoY +18.74%, QoQ +37.21%, net margin ~15.18%. EPS: $1.43 (diluted $1.42), YoY +21.19%, QoQ +38.83%. EBITDA: $1.209B, EBITDA margin ~23.06%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
5.24B |
2.76% |
8.09% |
| Gross Profit |
1.93B |
13.10% |
14.35% |
| Operating Income |
1.08B |
18.36% |
29.63% |
| Net Income |
795.70M |
18.74% |
37.21% |
| EPS |
1.43 |
21.19% |
38.83% |
Key Financial Ratios
operatingProfitMargin
20.6%
operatingCashFlowPerShare
$2.07
freeCashFlowPerShare
$1.78
dividendPayoutRatio
42.5%
Management Commentary
No earnings call transcript data was provided in the dataset; as such, management quotes or call-specific insights could not be extracted. The analysis below incorporates the quantitative results and standard qualitative context typically conveyed in earnings communications.
Forward Guidance
No explicit forward guidance is included in the data provided. Historically, General Mills communicates emphasis on price realization, operating efficiency, and portfolio optimization. Given the QQ2 results, investors should monitor: (i) price/mix realization versus input costs, (ii) progress on SG&A and supply chain savings, (iii) international growth momentum across Europe, Asia, and Latin America, and (iv) debt trajectory and deleveraging efforts. Based on current cash generation (operating cash flow of $1.1505B and free cash flow of $0.9896B) alongside a leveraged balance sheet, the near-term emphasis is likely to be on sustaining FCF generation while gradually reducing leverage absent material adverse commodity shocks.