General Mills, Inc.'s Stock Analysis

General Mills Reports Third Quarter Results and Financial Outlook

General Mills reported financial results for its third quarter ended February 22, 2026, with net sales of $4.4 billion, down 8 percent year-over-year, largely due to divestitures and unfavorable trade expense comparisons. Operating profit decreased by 41 percent to $525 million, with diluted earnings per share dropping 50 percent to $0.56. The company reaffirmed its full-year fiscal 2026 outlook, expecting organic net sales to decline between 1.5 to 2 percent, while adjusted operating profit and diluted EPS are anticipated to decrease by 16 to 20 percent in constant currency.

The company's North America Retail segment saw a 14 percent decline in net sales to $2.6 billion, impacted by yogurt divestitures. However, the North America Pet segment reported a 3 percent increase in net sales, aided by an acquisition. General Mills is focusing on restoring volume-driven organic net sales growth through investments in brand innovation and consumer value. Despite the challenges faced in the first three quarters of fiscal 2026, the company expects improvements in net sales and earnings in the fourth quarter, driven by favorable timing comparisons and market share momentum.

Mar 18, 2026 07:02:21

General Mills Elects New Director and Declares Quarterly Dividend

General Mills, Inc. appointed Joan L. Bottarini to its Board of Directors on January 26, 2026. Bottarini, who is the Chief Financial Officer of Hyatt Hotels Corporation, brings significant financial leadership experience to the board. She has been granted restricted stock units valued at approximately $180,000 as part of her compensation. The Board now consists of twelve directors, and Bottarini will serve on the Audit and Compensation and Talent Committees.

Additionally, General Mills declared a quarterly dividend of $0.61 per share, payable on May 1, 2026, to shareholders of record as of April 10, 2026. The company has maintained uninterrupted dividend payments for 127 years. In fiscal 2025, General Mills reported net sales of $19 billion, along with $1 billion from non-consolidated joint ventures.

Jan 27, 2026 10:45:26

General Mills Reports Decline in Sales and Earnings for Q2

General Mills reported a 7% decline in net sales for the second quarter of fiscal 2026, totaling $4.9 billion, impacted significantly by divestitures and acquisitions, particularly in the yogurt sector. Organic net sales decreased by 1%, with operating profit down 32% to $728 million, and diluted earnings per share fell 45% to $0.78. The company attributed these results to higher input costs, unfavorable trade expense comparisons, and ongoing investments aimed at improving brand visibility and competitiveness.

For the first half of fiscal 2026, net sales also decreased by 7% to $9.4 billion, with organic sales down 2%. The North America Retail segment experienced a 13% drop in sales, while the North America Pet segment saw an 11% increase, aided by an acquisition. The company reaffirmed its full-year outlook, anticipating organic net sales to range between a 1% decline and a 1% increase, with adjusted operating profit and diluted EPS expected to decrease by 10% to 15%.

Dec 17, 2025 07:02:31

General Mills Annual Meeting Voting Results Announced

On September 30, 2025, General Mills, Inc. conducted its 2025 Annual Meeting, where a total of 461,600,339 shares of common stock were represented, either in person or by proxy. The meeting included proposals submitted to shareholders, with details available in the company’s definitive proxy statement dated August 11, 2025.

The filing confirms that the necessary requirements of the Securities Exchange Act of 1934 were met, as indicated by the signing of the report on October 3, 2025. The final voting results from the meeting are referenced but not detailed in this summary.

Oct 03, 2025 16:06:37

General Mills Announces Restructuring and Facility Closures

General Mills has approved a multi-year initiative aimed at enhancing the competitiveness of its supply chain. As part of this initiative, the company will close its North America Foodservice pizza crust manufacturing facility in St. Charles, Missouri, and two pet manufacturing facilities in Joplin, Missouri. The consolidation is expected to incur approximately $82 million in restructuring charges, including $17 million in cash costs, with a significant portion related to asset write-offs and severance.

The company anticipates recognizing $43 million in asset write-offs and $6 million in other costs during the second quarter of fiscal 2026. The restructuring actions are expected to be completed by the end of fiscal 2029. The estimates regarding costs and their timing are subject to various assumptions, and actual results may vary from current expectations. Additionally, unforeseen charges or cash expenditures may arise in connection with this organizational initiative.

Oct 01, 2025 07:05:34

General Mills Announces Supply Chain Restructuring and Facility Closures

General Mills has approved a multi-year initiative aimed at enhancing the competitiveness of its supply chain. This includes the closure of its pizza crust manufacturing facility in St. Charles, Missouri, and two pet manufacturing facilities in Joplin, Missouri, as well as the consolidation of assets at other locations. The company anticipates incurring approximately $82 million in restructuring charges, with around $17 million expected to be cash expenses.

The restructuring is projected to result in asset write-offs of about $64 million and other costs, including severance, totaling approximately $18 million. The company plans to recognize $43 million in asset write-offs and $6 million in other costs in the second quarter of fiscal 2026. The completion of these actions is expected by the end of fiscal 2029, although actual costs and timing may vary based on future events.

Oct 01, 2025 07:05:34

General Mills Announces Supply Chain Restructuring and Closures

General Mills has initiated a multi-year organizational initiative aimed at enhancing the competitiveness of its supply chain. This plan includes the closure of its North America Foodservice pizza crust manufacturing facility in St. Charles, Missouri, and two North America Pet manufacturing facilities in Joplin, Missouri. The company anticipates incurring approximately $82 million in restructuring charges, with around $17 million expected to be cash-related expenses.

The restructuring charges will comprise around $64 million in asset write-offs and $18 million in other costs, including severance. The company plans to recognize $43 million in asset write-offs and $6 million in other costs during the second quarter of fiscal 2026, with the completion of these actions projected by the end of fiscal 2029. These estimates may be subject to change based on various assumptions and unforeseen events.

Oct 01, 2025 07:05:34

General Mills Reports First Quarter Results and Financial Outlook

General Mills, Inc. reported its financial results for the first quarter of fiscal 2026, ending August 24, 2025. The North America Retail segment experienced a 13% decline in net sales, primarily due to lower pound volume and the impact of yogurt divestitures, while organic net sales decreased by 5%. The North America Pet segment saw a 6% increase in net sales, aided by the acquisition of Whitebridge Pet Brands, although organic sales were down 5%. The company reaffirmed its commitment to restoring organic sales growth through investments in innovation and consumer value, despite anticipated headwinds from divestitures and rising costs affecting operating profit and earnings per share (EPS).

Cash flow from operating activities totaled $397 million, down from $624 million a year ago, reflecting lower net earnings. Capital investments also decreased, and dividends paid were slightly lower compared to the previous year. General Mills plans to enhance its market share and competitiveness through strategic investments in product development and advertising, while navigating challenges such as input cost inflation and the normalization of corporate expenses. The company expects these factors to impact adjusted operating profit growth in fiscal 2026.

Sep 17, 2025 07:05:18

General Mills Reports Decrease in Sales and Earnings for 2025

General Mills reported a decrease in net sales for fiscal year 2025, totaling $19.5 billion, down 2% from the previous year. The company's operating profit was $3.3 billion, a decline of 4%, while diluted earnings per share (EPS) fell to $4.10, down 5%. In the fourth quarter alone, net sales were $4.6 billion, a 3% decrease, with operating profit dropping significantly by 35% to $504 million and diluted EPS down 46% to $0.53. The company attributed these declines to lower pound volume and unfavorable pricing dynamics.

The Board of Directors declared a 2% increase in the quarterly dividend to $0.61 per share, reflecting a commitment to returning value to shareholders despite the financial challenges. Looking ahead, General Mills aims to restore organic net sales growth in fiscal 2026, with plans to invest in consumer value and innovation, although it anticipates adjusted operating profit and EPS to decline by 10% to 15%. The company expects various factors, including divestitures and acquisitions, to impact its financial performance in the coming year.

Jun 25, 2025 07:06:09

General Mills Promotes Dana McNabb to Group President Role

General Mills Inc. has announced the promotion of Dana McNabb to Group President of North America Retail and North America Pet, effective June 1st. This new role includes oversight of the North America Pet segment, which is identified as a key growth area for the company. Liz Mascolo, the current Segment President of North America Pet, will report to McNabb following this change. The company aims to enhance its presence in the evolving pet food market under McNabb's leadership.

Dana McNabb has a history of leadership within General Mills, having served as Group President for North America Retail since 2023 and holding the position of Chief Strategy and Growth Officer prior to that. Her experience includes returning the Europe & Australia segment to growth and achieving U.S. cereal category leadership. General Mills reported net sales of $20 billion for fiscal 2024, with an additional $1 billion from non-consolidated joint ventures.

May 19, 2025 17:17:55