General Mills to incur about $82 million in restructuring charges, closes two plants
General Mills said it approved a multi-year supply chain initiative that includes closing its St. Charles, Missouri pizza crust plant and two Joplin, Missouri pet food plants acquired in the Whitebridge Pet Brands deal. The company expects about $82 million in restructuring charges, of which about $17 million will be cash, with actions completed by the end of fiscal 2029. The charges will reduce reported profit in the coming quarters and the company warned that actual results may differ.
Key points
- Expected restructuring charges total about $82 million, including about $64 million of asset write-offs and $18 million of other costs such as severance
- About $17 million of the total is expected to be cash
- About $43 million of write-offs and $6 million of other costs are expected in the second quarter of fiscal 2026
- Actions are expected to be completed by the end of fiscal 2029
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.