General Mills Q1 FY27: organic sales flat, adjusted EPS -13% CC; reaffirms FY27

GENERAL MILLS INC

Net sales $4.4B, down 3% on US yogurt divestiture; organic net sales flat.
Diluted EPS $0.74 (down 67%); adjusted EPS $0.75, down 13% in constant currency.
Segments: NAR -7%, Pet flat, Foodservice organic +4%, International organic +4%.
Reaffirms FY27: organic net sales -1.5% to +0.5%, adjusted EPS $3.00-$3.20, adjusted op profit -13% to -8% CC.
Brazil divestiture completed Sept 2, 2026; no Q1 share repurchases vs $500M year-ago.

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