<p>通用磨坊，一家领先的全球食品公司，发布了其 2025 财年第三季度业绩，提供了关于其财务表现、战略举措和未来展望的见解。报告重点突出关键财务指标、业务表现指标以及管理层对公司当前状况和未来计划的看法。</p>
<p><strong>财务亮点</strong></p>
<p>通用磨坊报告第三季度净销售额为 48 亿美元，同比下降 5%。下降的原因归因于销量减少和不利的外汇汇率。该季度的营业利润为 8.91 亿美元，下降 2%，而在固定汇率下的调整后营业利润为 8.01 亿美元，下降 13%。稀释每股收益（EPS）为 1.12 美元，下降 4%，在固定汇率下的调整后稀释 EPS 为 1.00 美元，下降 15%。</p>
<p><strong>业务和运营亮点</strong></p>
<p>通用磨坊的有机净销售额下降了 5%，主要受到零售商库存减少和零食类别放缓的影响。然而，公司在宠物、餐饮服务和国际业务部门的市场份额趋势积极，同时在皮尔斯伯里冷藏面团和托蒂诺热小吃方面也有所改善。毛利率提高了 40 个基点，达到了净销售额的 33.9%，主要得益于整体利润管理（HMM）成本节约和有利的市值调整效应。</p>
<p><strong>战略举措和公司发展</strong></p>
<p>通用磨坊更新了其 2025 财年的全年展望，预计有机净销售额将下降 2% 至 1.5%。调整后的营业利润和调整后的稀释 EPS 预计在固定汇率下将下降 8% 至 7%。公司还宣布计划在 2026 财年投资于创新、品牌传播和消费者价值，这些投资将由行业领先的 HMM 生产力和新的成本节约举措提供资金，目标是节省至少 1 亿美元。</p>
<p><strong>管理层的看法</strong></p>
<p>通用磨坊董事长兼首席执行官杰夫·哈门宁（Jeff Harmening）对业绩进行了评论，表示：“我们的第三季度有机净销售额低于预期，主要受到零售商库存压力超出预期和零食类别放缓的影响。同时，我们在宠物、餐饮服务和国际业务部门继续推动积极的市场份额趋势，并在皮尔斯伯里冷藏面团和托蒂诺热小吃方面有所改善。”</p>
<p>哈门宁强调，公司将通过增加对创新、品牌传播和消费者价值的投资来改善 2026 财年的销售增长，这些投资将由 HMM 生产力和新的成本节约举措提供资金。</p>
<p><strong>未来展望</strong></p>
<p>通用磨坊预计宏观经济不确定性将继续影响第四季度的消费者。公司计划投资于消费者价值、媒体支持和店内可见度，并在 2026 财年重大新产品发布前进行投资。公司旨在通过其 HMM 生产力计划在 2026 财年实现至少 5% 的销售成本节约，预计约为 6 亿美元的毛生产力节约。</p>
<p>SEC 备案：通用磨坊公司 [ GIS ] - 8-K -2025 年 3 月 19 日</p>

通用磨坊

<p>通用磨坊报告了其 2025 财年第三季度的业绩，净销售额下降 5%，至 48 亿美元，主要由于销量下降和不利的货币汇率影响。营业利润下降 2%，至 8.91 亿美元，稀释每股收益下降 4%，至 1.12 美元。尽管面临挑战，公司指出其宠物、餐饮服务和国际业务部门出现了积极趋势。展望未来，通用磨坊预计全年有机净销售额将下降 2% 至 1.5%，并计划投资于创新和节省成本的举措，以提升消费者价值并推动 2026 财年的增长</p>

<p>General Mills, a leading global food company, has released its fiscal 2025 third-quarter results, providing insights into its financial performance, strategic initiatives, and future outlook. The report highlights key financial metrics, business performance indicators, and management's perspective on the company's current position and future plans.</p>
<div class="lb-trans"><p>通用磨坊，一家领先的全球食品公司，发布了其 2025 财年第三季度业绩，提供了关于其财务表现、战略举措和未来展望的见解。报告重点突出关键财务指标、业务表现指标以及管理层对公司当前状况和未来计划的看法。</p>
</div><p><strong>Financial Highlights</strong></p>
<div class="lb-trans"><p><strong>财务亮点</strong></p>
</div><p>General Mills reported third-quarter net sales of $4.8 billion, a decrease of 5 percent compared to the same period last year. The decline was attributed to lower pound volume and unfavorable foreign currency exchange. Operating profit for the quarter was $891 million, down 2 percent, while adjusted operating profit in constant currency was $801 million, down 13 percent. Diluted earnings per share (EPS) were $1.12, a decrease of 4 percent, and adjusted diluted EPS in constant currency was $1.00, down 15 percent.</p>
<div class="lb-trans"><p>通用磨坊报告第三季度净销售额为 48 亿美元，同比下降 5%。下降的原因归因于销量减少和不利的外汇汇率。该季度的营业利润为 8.91 亿美元，下降 2%，而在固定汇率下的调整后营业利润为 8.01 亿美元，下降 13%。稀释每股收益（EPS）为 1.12 美元，下降 4%，在固定汇率下的调整后稀释 EPS 为 1.00 美元，下降 15%。</p>
</div><p><strong>Business and Operational Highlights</strong></p>
<div class="lb-trans"><p><strong>业务和运营亮点</strong></p>
</div><p>General Mills experienced a 5 percent decline in organic net sales, driven by retailer inventory reductions and a slowdown in snacking categories. However, the company saw positive market share trends in its Pet, Foodservice, and International segments, as well as improvements in Pillsbury refrigerated dough and Totino’s hot snacks. Gross margin increased by 40 basis points to 33.9 percent of net sales, primarily due to Holistic Margin Management (HMM) cost savings and favorable mark-to-market effects.</p>
<div class="lb-trans"><p>通用磨坊的有机净销售额下降了 5%，主要受到零售商库存减少和零食类别放缓的影响。然而，公司在宠物、餐饮服务和国际业务部门的市场份额趋势积极，同时在皮尔斯伯里冷藏面团和托蒂诺热小吃方面也有所改善。毛利率提高了 40 个基点，达到了净销售额的 33.9%，主要得益于整体利润管理（HMM）成本节约和有利的市值调整效应。</p>
</div><p><strong>Strategic Initiatives and Corporate Developments</strong></p>
<div class="lb-trans"><p><strong>战略举措和公司发展</strong></p>
</div><p>General Mills updated its full-year fiscal 2025 outlook, now expecting organic net sales to be down 2 percent to 1.5 percent. Adjusted operating profit and adjusted diluted EPS are projected to be down 8 percent to 7 percent in constant currency. The company also announced plans to invest in innovation, brand communication, and consumer value in fiscal 2026, funded by industry-leading HMM productivity and new cost-savings initiatives targeting at least $100 million in savings.</p>
<div class="lb-trans"><p>通用磨坊更新了其 2025 财年的全年展望，预计有机净销售额将下降 2% 至 1.5%。调整后的营业利润和调整后的稀释 EPS 预计在固定汇率下将下降 8% 至 7%。公司还宣布计划在 2026 财年投资于创新、品牌传播和消费者价值，这些投资将由行业领先的 HMM 生产力和新的成本节约举措提供资金，目标是节省至少 1 亿美元。</p>
</div><p><strong>Management's Perspective</strong></p>
<div class="lb-trans"><p><strong>管理层的看法</strong></p>
</div><p>Jeff Harmening, Chairman and CEO of General Mills, commented on the results, stating, &#34;Our third-quarter organic net sales finished below our expectations, driven largely by greater-than-expected retailer inventory headwinds and a slowdown in snacking categories. At the same time, we drove continued positive market share trends in Pet, Foodservice, and International as well as improvement in Pillsbury refrigerated dough and Totino’s hot snacks.&#34;</p>
<div class="lb-trans"><p>通用磨坊董事长兼首席执行官杰夫·哈门宁（Jeff Harmening）对业绩进行了评论，表示：“我们的第三季度有机净销售额低于预期，主要受到零售商库存压力超出预期和零食类别放缓的影响。同时，我们在宠物、餐饮服务和国际业务部门继续推动积极的市场份额趋势，并在皮尔斯伯里冷藏面团和托蒂诺热小吃方面有所改善。”</p>
</div><p>Harmening emphasized the company's focus on improving sales growth in fiscal 2026 through increased investment in innovation, brand communication, and consumer value, funded by HMM productivity and new cost-savings initiatives.</p>
<div class="lb-trans"><p>哈门宁强调，公司将通过增加对创新、品牌传播和消费者价值的投资来改善 2026 财年的销售增长，这些投资将由 HMM 生产力和新的成本节约举措提供资金。</p>
</div><p><strong>Future Outlook</strong></p>
<div class="lb-trans"><p><strong>未来展望</strong></p>
</div><p>General Mills expects macroeconomic uncertainty to continue impacting consumers in the fourth quarter. The company plans to invest in consumer value, media support, and in-store visibility, as well as make investments in advance of significant fiscal 2026 new product launches. The company aims to deliver at least 5 percent savings in the cost of goods sold in fiscal 2026 through its HMM productivity program, representing approximately $600 million in gross productivity savings.</p>
<div class="lb-trans"><p>通用磨坊预计宏观经济不确定性将继续影响第四季度的消费者。公司计划投资于消费者价值、媒体支持和店内可见度，并在 2026 财年重大新产品发布前进行投资。公司旨在通过其 HMM 生产力计划在 2026 财年实现至少 5% 的销售成本节约，预计约为 6 亿美元的毛生产力节约。</p>
</div><p>SEC Filing: GENERAL MILLS INC [ GIS ] - 8-K - Mar. 19, 2025</p>
<div class="lb-trans"><p>SEC 备案：通用磨坊公司 [ GIS ] - 8-K -2025 年 3 月 19 日</p>
</div>

通用磨坊公布 2025 财年第三季度财报