earnings
confidence high
sentiment negative
materiality 0.75
General Mills Q1: adj EPS $0.86 (-20% CC), organic net sales -3%, reaffirms FY outlook
GENERAL MILLS INC
2026-Q1 EPS reported
$2.22
revenue$4,517,500,000
- Net sales $4.5B, down 7% (4-pt headwind from divestitures/acquisitions); organic net sales down 3%.
- Diluted EPS $2.22 (+116%) includes $1.05B gain on U.S. yogurt divestiture; adj. diluted EPS $0.86 (-20% CC).
- Adjusted operating profit $711M, down 18% constant currency; operating profit $1.7B up 108% due to divestiture gain.
- North America Retail organic net sales -5%; Pet organic -5% (total +6% incl. Whitebridge acquisition).
- Reaffirms FY2026 outlook: organic net sales -1% to +1%, adj. op profit and adj. EPS down 10-15% constant currency.