General Mills posts $2.0 billion Q4 loss on charges; FY2027 profit outlook falls
General Mills reported a fourth-quarter net loss of $2.0 billion, or $3.74 per diluted share, driven by $1.8 billion in non-cash goodwill and brand intangible charges and a $1.0 billion valuation loss tied to the planned Brazil divestiture. Adjusted diluted EPS rose to $0.95 in the quarter, while full-year net sales fell 5% to $18.4 billion and the company guided fiscal 2027 adjusted diluted EPS to $3.00 to $3.20, which would be lower than fiscal 2026's $3.55.
Key points
- Q4 net sales rose 1% to $4.6 billion; organic net sales were flat
- Q4 diluted loss per share was $3.74 versus EPS of $0.53 a year earlier; adjusted diluted EPS was $0.95
- Full-year diluted loss per share was $0.16 versus EPS of $4.10; adjusted diluted EPS was $3.55, down 16% in constant currency
- Fiscal 2027 outlook: adjusted diluted EPS of $3.00 to $3.20 and adjusted operating profit down 13% to 8% in constant currency; quarterly dividend of $0.61 per share declared
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 July 01, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.