General Mills (NYSE:GIS) announced that it closed on the sale of its Canadian Yogurt business to Sodiaal.
The divestiture included the Canadian operations of several yogurt brands, including Yoplait and Liberté, as well as a manufacturing facility in Saint-Hyacinthe, Québec.
The company continues to expect the sale of its U.S. Yogurt business to Lactalis will close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions.
General Mills (NYSE:GIS) also provided a guidance update, saying it now expects 2025 adjusted diluted EPS to range between down 4% and down 2% in constant currency, compared to the prior range of down 3% to down 1% in constant currency.
The EPS guidance revision was noted to reflect the impact of increased interest expense related to debt issued to fund the North American Whitebridge Pet Brands acquisition.
Shares of General Mills (NYSE:GIS) slipped 0.5% in premarket trading on Tuesday.
