---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-363009"
form_type: "8-K"
ticker: "GIS"
cik: "0000040704"
company_name: "GENERAL MILLS INC"
filed_at: "2021-12-21T23:59:59+00:00"
generated_at: "2026-06-27T23:29:14.862748+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# General Mills Q2 net sales +6% to $5.0B; EPS down 13% to $0.97; guides FY organic sales +4-5%

## Summary
- Gross margin down 400 bps to 32.5%; adjusted gross margin down 330 bps to 32.2% on inflation and supply chain costs.
- Pet segment net sales +29% (organic +14%); operating profit +10% on volume growth and price/mix.
- Updated FY2022: organic net sales +4-5% (prior: -1 to -3%); adjusted operating profit -1 to -4%; adjusted EPS -2% to +1%.
- Completed European Yoplait sale to Sodiaal on Nov 30; announced European dough sale to Cérélia, closing expected by end FY2022.
- COGS headwinds $500M higher than originally expected; input cost inflation 8-9% for the full year.

## SEC filing metadata
- accession: 0001193125-21-363009
- form_type: 8-K
- ticker: GIS
- cik: 0000040704
- company_name: GENERAL MILLS INC
- filed_at: 2021-12-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40704/000119312521363009/0001193125-21-363009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40704/000119312521363009/d247642d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-363009
- JSON: https://secwatch.observer/filing/0001193125-21-363009.json
- Plain text: https://secwatch.observer/filing/0001193125-21-363009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.