---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-221059"
form_type: "8-K"
ticker: "GIS"
cik: "0000040704"
company_name: "GENERAL MILLS INC"
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T04:06:12.301962+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# General Mills Q1 net sales down 1%, EPS down 10%; announces $2.1B yogurt divestiture, reaffirms FY25 outlook

## Summary
- Net sales $4.8B (-1% YoY); adjusted EPS $1.07 (-2% constant currency); organic net sales -1%.
- Announces sale of North American Yogurt business to Lactalis and Sodiaal for $2.1B; expected close in calendar 2025; dilutive ~3% to adj. EPS in first 12 months post-close.
- Segment: NA Retail op profit -7%, NA Pet +7%, NA Foodservice +21%, International -58% (constant currency).
- Reaffirms FY25 outlook: organic net sales flat to +1%, adj. op profit -2% to flat, adj. EPS -1% to +1% constant currency.
- Share repurchases $300M in Q1 vs $500M last year; average diluted shares down 5% to 564M.

## SEC filing metadata
- accession: 0001193125-24-221059
- form_type: 8-K
- ticker: GIS
- cik: 0000040704
- company_name: GENERAL MILLS INC
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/40704/000119312524221059/0001193125-24-221059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40704/000119312524221059/d805015d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-221059
- JSON: https://secwatch.observer/filing/0001193125-24-221059.json
- Plain text: https://secwatch.observer/filing/0001193125-24-221059.txt

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