General Mills, Inc. (GIS) Q3 2026 Earnings Call Prepared Remarks Transcript

SA Transcripts159.1K FollowersFollow5ShareSaveCommentsQ3: 2026-03-18 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallTranscriptEPS of $0.64 misses by $0.09 | Revenue of $4.44B (-8.37% Y/Y) beats by $6.70M General Mills, Inc. (GIS) Q3 2026 Earnings Call March 17, 2026 8:00 PM EDT 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 third 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. On our website, you will 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. Jeffrey HarmeningChairman & CEO Thank you, Jeff, and good morning, everyone. Let me start with today's key messages. We entered fiscal 2026 with a bold strategy to increase investment to improve the remarkability of our brands and restore organic sales growth. While we expected this reinvestment approach along with the impact of divestitures and timing headwinds, would pressure our sales and earnings through our first 3 quarters, we also expected it to drive stronger competitiveness and set the stage for a return to growth once we move past the reinvestment phase. And that's what we are seeing: Clear signs of