General Mills Inc. (NYSE:GIS) stock rose Wednesday after the food giant beat second-quarter earnings and revenue estimates and reaffirmed its fiscal 2026 outlook, signaling resilient consumer demand and early traction from stepped-up brand investments even as higher input costs and margin pressure persist.

Management pointed to strong execution, brand investments, and steady demand across key segments as drivers of the performance.

The company reported second-quarter adjusted earnings per share of $1.10, beating the analyst consensus estimate of $1.03.

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Quarterly sales of $4.86 billion (down 7% year over year) outpaced the Street view of $4.781 billion.

Organic net sales were down 1%, driven by unfavorable organic net price realization and mix.

“Our team continued to execute exceptionally well in a volatile operating environment, delivering results ahead of our expectations in the second quarter,” said General Mills Chairman and Chief Executive Officer Jeff Harmening.

Segment Performance

Second-quarter net sales for General Mills’ North ...