Form 10-Q · Quarterly report
General Mills 10-Q, filed Sep 23, 2026
- Filed
- CIK
- 0000040704
- Accession no.
- 0001628280-26-063201
Summary
General Mills reported first-quarter fiscal 2027 net sales fell 3% to $4.39 billion, organic net sales were flat, and operating profit fell 63% to $633.6 million, primarily from lapping a prior-year gain on the divestiture of its U.S. yogurt business. The company expects at least $750 million in fiscal 2027 savings under a $3 billion cumulative cost-savings target through fiscal 2030 and forecast 4% to 5% input cost inflation.
Key points
- General Mills' first-quarter fiscal 2027 net sales decreased 3% to $4.39 billion, while organic net sales were flat.
- Operating profit fell 63% to $633.6 million and diluted EPS fell 67% to $0.74; adjusted operating profit fell 11% and adjusted diluted EPS fell 13% on a constant-currency basis.
- General Mills expects at least $750 million in fiscal 2027 savings as part of a $3 billion cumulative cost-savings target through fiscal 2030, offsetting forecast input cost inflation of 4% to 5%.
- The company recorded a $24 million non-cash pre-tax valuation loss related to the planned divestiture of its Brazil business and lapped a $1.054 billion prior-year gain on the sale of its U.S. yogurt business.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations. INTRODUCTION This Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the MD&A included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2026, for important background regarding, among other things, our key business drivers. Significant trademarks and service marks used in our business are set forth in italics herein. Certain terms used throughout this report are defined in the “Glossary” section below. …
An excerpt of the text as filed with the SEC, cut for length.
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