General Mills (GIS) Misses Q3 EPS by 9c, Misses on Revenue; Offers Guidance
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General Mills Reports Fiscal 2026 Third-quarter Results and Reaffirms Full-year Outlook
March 18, 2026 7:00 AM EDTCompany reaffirms full-year fiscal 2026 outlook As expected, third-quarter and nine-month results included significant impacts from investments to improve brand remarkability, the North American yogurt divestitures, and an unfavorable trade expense timing comparison Net sales of $4.4 billion were down 8 percent, including a 6-point headwind from the net impact of divestitures and acquisitions; organic net sales¹ were down 3 percent Operating profit of $525 million was down 41 percent; adjusted operating profit of $547 million was down 32 percent in constant currency Diluted earnings per share (EPS) of $0.56 were down 50 percent; adjusted diluted EPS... More
