General Mills FY27 Q1 net earnings drop 67% to $397 million; net sales fall 3% to $4.39 billion

Bitget2026/09/23 11:05

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General Mills posted first-quarter net sales down 3% to USD 4.4 billion; organic net sales were flat.
Operating profit fell 63% to USD 634 million, while operating margin narrowed 23.8 percentage points to 14.4%.
Net earnings attributable to shareholders dropped 67% to USD 397 million, and diluted EPS fell 67% to USD 0.74.
Management cited stronger innovation and renovation, and reiterated its fiscal 2027 organic net sales outlook of down 1.5% to up 0.5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. General Mills Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260922514660) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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General Mills FY27 Q1 net earnings drop 67% to $397 million; net sales fall 3% to $4.39 billion

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