General Mills Inc. reported its fiscal 2025 third-quarter earnings, with net sales of $4.84 billion, falling short of the expected $4.97 billion. The company attributed the decline to retailer inventory reductions and a slowdown in U.S. snacking categories. Adjusted earnings per share reached $1.00, surpassing the estimate of $0.97, despite a year-over-year decrease of 14.53%. Revenue also declined by 5.04% year-over-year. General Mills revised its full-year outlook, now expecting organic net sales to decline between 1.5% to 2%, down from a previous forecast of flat to up 1%. The company's stock fell 4.5% on the earnings release, with further declines of 3.7% in premarket trading and 2% in morning trading, bringing the year-to-date drop to 7%. The company's organic net sales dropped by 5% year-over-year, with North America Retail seeing a 7.2% decrease. CEO Jeffrey Harmening noted that the lower-than-expected revenue was driven by greater-than-expected retailer inventory headwinds and a slowdown in snacking categories. General Mills plans to focus on value, larger pack sizes, and innovation to attract shoppers amidst these challenges. The company also highlighted positive returns from investments in its Pet, Foodservice, and Totino’s segments. In a related development, Darden Restaurants Inc. reported its quarterly earnings, with total sales increasing by 6.2% to $3.16 billion, though this fell short of the $3.21 billion estimate. The company's same-store sales growth was below expectations, particularly at Olive Garden and LongHorn Steakhouse. Darden's earnings per share were $2.80, slightly beating the $2.79 estimate. The company's stock fell 1.9% in premarket trading but later rose 5% to reach an all-time high. Darden noted growth in Uber deliveries and is closely tracking commodity prices, observing deflation in dairy and produce.