General Mills posts lower Q1 sales, reaffirms fiscal 2027 targets

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Go back to General Mills posts lower Q1 sales, reaffirms fiscal 2027 targets

General Mills Reports Fiscal 2027 First-quarter Results and Reaffirms Full-year Outlook

September 23, 2026 7:00 AM EDT

Net sales of $4.4 billion were down 3 percent due to the U.S. yogurt divestiture; organic net sales¹ were flat Operating profit of $634 million was down 63 percent, driven largely by a $1 billion gain on the yogurt divestiture a year ago; adjusted operating profit of $634 million was down 11 percent in constant currency Diluted earnings per share (EPS) of $0.74 were down 67 percent; adjusted diluted EPS of $0.75 was down 13 percent in constant currency Company reaffirms full-year fiscal 2027 outlook

 1 Please see Note 7 to the Consolidated Financial Statements below for reconciliation of... More