General Mills, the maker of Cheerios, reported its fiscal 2025 first-quarter results, revealing a smaller-than-expected drop in quarterly sales. The company's net sales amounted to $4.8 billion, down 1 percent from the previous year, while organic net sales also declined by 1 percent. Despite the decline in sales, General Mills managed to beat earnings estimates with an adjusted earnings per share (EPS) of $1.07, matching the analysts' estimates. The company's operating profit stood at $832 million, down 11 percent, and adjusted operating profit was $865 million, down 4 percent in constant currency. General Mills' CFO attributed the decline in net sales to an unfavorable price/mix. The company reaffirmed its fiscal year 2025 outlook, despite facing mixed results in the first quarter. The smaller-than-expected drop in sales was helped by benefits from its higher priced products. General Mills' stock traded lower in pre-market, down 1.14 percent.