General Mills, Inc. (GIS) Q2 2026 Earnings Call Prepared Remarks Transcript

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SA Transcripts157.42K FollowersFollow5ShareSaveCommentsQ2: 2025-12-17 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $1.10 beats by $0.07 | Revenue of $4.86B (-7.24% Y/Y) beats by $78.14M General Mills, Inc. (GIS) Q2 2026 Earnings Call December 16, 2025 7:00 PM EST Company Participants Jeff Siemon - Vice President of Investor Relations & TreasurerJeffrey Harmening - Chairman & CEOKofi Bruce - Chief Financial Officer Presentation Jeff SiemonVice President of Investor Relations & Treasurer Good morning. This is Jeff Siemon, Vice President of Investor Relations and Corporate Finance. Thank you for listening to General Mills prepared remarks for our fiscal 2026 second quarter earnings. Later this morning, we will hold a separate live question-and-answer session on today's results, which you can hear via webcast on our Investor Relations website. Joining me for this morning's presentation are Jeff Harmening, our Chairman and CEO; and Kofi Bruce, our CFO. Before I hand things over to them, let me first touch on a few housekeeping items. First, on our website, you'll find our press release that posted this morning, along with a copy of the presentation and a transcript of these remarks. Please note that today's remarks include forward-looking statements that are based on management's current views and assumptions. The second slide in today's presentation lists several factors that could cause our future results to be different than our current estimates. And with that, I'll turn it over to Jeff for some prepared remarks. Jeffrey HarmeningChairman & CEO Thank you, Jeff, and good morning, everyone. Let me kick off by summarizing our key messages for today. Our primary focus this year is investing to strengthen the remarkability of our brands. because we know that delivering greater remarkability to consumers is the key to restoring organic sales growth for our business. During Q2, our team continued to execute exceptionally well against that goal while navigating a volatile operating environment. We finalized base price adjustments across 2/3 of our North America Retail business. Launched into
