US food maker General Mills has reported lower net earnings for the third quarter, but said operating profits were higher.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The company reported net earnings of US$230m, or 58 cents per share, for the third quarter to 27 February, compared to $242m, or 60 cents per share, for the year-ago period. Net sales edged up to $2.77bn from $2.70bn a year earlier.


General Mills said its earnings were hit as it recorded a portion of the taxes relating to the recent disposal of its interest in the Snack Ventures Europe (SVE) joint venture.


“We were pleased to see profit growth in all three of our business segments for the third quarter. In total, operating profits rose 6%. We also achieved strong double-digit earnings growth from joint ventures,” said chairman and CEO Steve Sanger.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now