GENERAL MILLS INC — Form 10-Q filed 2025-12-17

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General Mills reported Q2 FY2026 net sales of $4.86 billion, down 7% YoY; net earnings of $413 million, down 48%; diluted EPS of $0.78, down 45%. The company completed the sale of its U.S. yogurt business, recording a pre-tax gain of $1,046.5 million. Restructuring and impairment charges totaled $122 million, including a $52.9 million impairment of the Uncle Toby's brand and supply chain initiative costs. A multi-year supply chain restructuring was approved with expected charges of ~$82 million.