07:22 AM EST, 12/18/2024 (MT Newswires) -- General Mills ( GIS ) reported fiscal Q2 adjusted earnings Wednesday of $1.40 per diluted share, up from $1.25 a year earlier.

Analysts polled by FactSet expected $1.22.

Net sales for the quarter ended Nov. 24 were $5.24 billion, compared with $5.14 billion a year earlier.

Analysts polled by FactSet expected $5.14 billion.

The company said it now expects fiscal 2025 adjusted EPS to decline 1% to 3% in constant currency, from its previous forecast of a 1% decline to 1% increase. Analysts polled by FactSet expect $4.51.

Shares of General Mills ( GIS ) were down more than 3% in recent premarket activity.