(Il Sole 24 Ore Radiocor) - Milano, 18 mar - The US food company General Mills reported that in the third quarter ended February 22 diluted earnings per share fell 50% to 0.56 dollars and adjusted diluted EPS totalled 0.64 dollars, was down 37% in constant currency.

Net sales dropped 8% to 4.4 billion dollars, with organic net sales down 3%.

Operating profit of 525 million dollars was down 41% and adjusted operating profit stood at 547 million, down 32% in constant currency.

Cash provided by operating activities totaled 1.6 billion dollars through nine months of fiscal 2026 compared to 2.3 billion a year ago.

General Mills confirmed its full year guidance. Organic net sales are expected to be down 1.5-2.0%. Adjusted operating profit and adjusted diluted EPS are both expected to be down 16-20% in constant currency.

Free cash flow conversion is expected to be at least 95% of.

adjusted after-tax earnings, it added.

(RADIOCOR) 18-03-26 15:04:15 (0421) 5 NNNN