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General Mills shareholders approved charter amendments effective October 1, 2026, exculpating certain officers from monetary liability for fiduciary-duty breaches and requiring Securities Act claims to proceed only in United States federal district courts.
General Mills elected Dana M. McNabb Chief Executive Officer effective January 1, 2027; retiring Jeffrey L. Harmening will remain Executive Chair of the Board.
General Mills reported improved retail sales and category shares in Q1, with inflation expected around 4% through Q3 and 6% in Q4. Cost-savings targets are $750 million this fiscal year and $3 billion by fiscal 30.
General Mills reported first-quarter fiscal 2027 net sales of $4,389.5 million, down 3 percent, operating profit of $634 million, down 63 percent, and diluted EPS of $0.74, down 67 percent; organic net sales were flat.
General Mills reported first-quarter fiscal 2027 net sales of $4.4 billion, down 3 percent, and diluted EPS of $0.74, down 67 percent; it reaffirmed fiscal 2027 organic net sales of down 1.5 percent to up 0.5 percent.
Useful current figures from the complete screener profile.
TL;DR. Foodservice and International delivered organic sales and operating-profit growth, e-commerce penetration is significant and expected to accelerate, and General Mills expects at least $750 million of fiscal 2027 savings while reaffirming its full-year targets. Gross margin and adjusted earnings declined, North America Retail and Pet faced volume or operating-profit pressure, retailer inventory and dog food are headwinds, inflation is expected to rise in Q4 amid consumer promotional pressure, and cash generation, buybacks, and leverage remain unfavorable.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted diluted earnings per share non-GAAP | $0.75 | Quarter Ended Aug. 30, 2026 filing | — |
| Adjusted diluted earnings per share growth, on a constant-currency basis non-GAAP | -13% | Quarter Ended Aug. 30, 2026 | — |
| Adjusted effective tax rate non-GAAP | 23.4% | the first quarter | — |
| Adjusted operating profit non-GAAP | $634M | Quarter Ended Aug. 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Operating profit as reported 633.6M
-29.5M Mark-to-market effects
+23.7M Valuation loss on held for sale business
+4.3M Transaction costs
+1.7M Acquisition integration costs
+0.2M Restructuring and transformation charges
+0M Divestitures gain
+0M Investment activity, net
= Adjusted operating profit 634M
|
|||
| Adjusted operating profit growth, on a constant-currency basis non-GAAP | -11% | Quarter Ended Aug. 30, 2026 | — |
| Adjusted operating profit margin non-GAAP | 14.4% | the first quarter | — |
| Average diluted shares outstanding | 538M | first quarter of fiscal 2027 | — |
| Capital investments | $90M | first quarter of fiscal 2027 | — |
| Joint venture after-tax earnings | $19M | the first quarter | — |
| North America Foodservice segment operating profit | $79M | the first quarter of fiscal 2027 filing | — |
| North America Pet Percentage Change in Operating Profit on Constant-Currency Basis non-GAAP | 12% | the first quarter of fiscal 2027 filing | — |
| North America Pet segment operating profit | $100M | the first quarter of fiscal 2027 filing | — |
| Organic net sales non-GAAP | -3% | the first quarter | — |
| Percentage Change in After-Tax Earnings from Joint Ventures on Constant-Currency Basis non-GAAP | 178% | Quarter Ended Aug. 30, 2026 filing | — |
| Percentage Change in Operating Profit on Constant-Currency Basis - International non-GAAP | 15% | Quarter Ended Aug. 30, 2026 filing | — |
| Percentage Change in Operating Profit on Constant-Currency Basis - North America Pet non-GAAP | -12% | Quarter Ended Aug. 30, 2026 filing | — |
| Percentage Change in Operating Profit on Constant-Currency Basis - North America Retail non-GAAP | -15% | Quarter Ended Aug. 30, 2026 filing | — |
| Percentage Change in Operating Profit on Constant-Currency Basis - Total segment operating profi non-GAAP | -10% | Quarter Ended Aug. 30, 2026 | — |
| Unallocated corporate expenses | $78M | the first quarter of fiscal 2027 filing | — |
| Adjusted net earnings, including earnings attributable to noncontrolling interests non-GAAP | $1.91B | Fiscal 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Net loss, including earnings attributable to noncontrolling interests, as reported -85.3M
+1.73B Goodwill and other intangible assets impairments, net of tax
+780.8M Valuation loss on held for sale business, net of tax
-772.8M Divestitures gain, net, net of tax
+148.8M CPW asset impairments and losses
+119.7M Restructuring and transformation charges, net of tax
-37.3M Mark-to-market effects, net of tax
+24.1M Transaction costs, net of tax
+7.3M Acquisition integration costs, net of tax
-5.8M Investment activity, net, net of tax
= Adjusted net earnings, including earnings attributable to noncontrolling interests 1.91B
|
|||
| Free cash flow conversion non-GAAP | 85% | fiscal 2026 filing | — |
| Percentage change in after-tax (loss) earnings from joint ventures on a constant-currency basis non-GAAP | -231% | Fiscal 2026 filing | — |
| Percentage Change in Operating Profit on Constant-Currency Basis - North America Foodservice non-GAAP | -6% | Fiscal 2026 filing | — |
| Value at Risk - Commodity instruments | $3M | Average During Fiscal 2026 filing | — |
| Value at Risk - Equity instruments | $3M | Average During Fiscal 2026 filing | — |
| Value at Risk - Foreign currency instruments | $48M | Average During Fiscal 2026 filing | — |
| Value at Risk - Interest rate instruments | $37M | Average During Fiscal 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GIS
this stock
General Mills Inc
|
$18.35B | -26.2% | +4.1% | — | 7.0% |
|
JBS
Jbs N.V.
|
$40.00B | -15.7% | — | — | 1.3% |
|
KHC
Kraft Heinz Co
|
$29.73B | +3.5% | -0.1% | — | 8.7% |
|
SJM
J M SMUCKER Co
|
$14.17B | +35.7% | +3.7% | — | 2.9% |
|
MKC
Mccormick & Co Inc
|
$12.64B | -31.1% | +1.7% | 8.5 | 6.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
General Mills shareholders approved charter amendments effective October 1, 2026, exculpating certain officers from monetary liability for fiduciary-duty breaches and requiring Securities Act claims to proceed only in United States federal district courts.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GIS | -3.4% | +3.6% | +3.5% | +0.1% | -26.2% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.9% | +4.8% | +3.0% | +0.3% | -36.8% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
