India, June 25 -- General Mills, Inc. on Wednesday reported lower fourth-quarter earnings, hurt mainly by weak net sales. However, adjusted earnings beat market estimates, but top line missed their view. Further, the branded food company issued fiscal 2026 adjusted earnings outlook, expecting year-over-year decline. General Mills added that its top priority in the new year is to restore volume-driven organic net sales growth.
In the pre-market activity on the NYSE, the shares were losing around 3.3 percent to trade at $51.60.
General Mills Chairman and Chief Executive Officer Jeff Harmening said, "Our number one goal in fiscal 2026 is to restore volume-driven organic sales growth. To do that, we'll invest further in consumer value, produc...