General Mills Q1 EPS falls 67% to $0.74 on year-ago yogurt gain; outlook reaffirmed
General Mills reported first-quarter fiscal 2027 net sales of $4.4 billion, down 3 percent, with organic net sales flat. Diluted EPS of $0.74 fell 67 percent from a year earlier, when results included a $1 billion gain on the U.S. yogurt divestiture; adjusted diluted EPS of $0.75 was down 13 percent in constant currency. The company reaffirmed its full-year fiscal 2027 outlook, including adjusted diluted EPS of $3.00 to $3.20.
Key points
- Net sales were $4.4 billion, down 3 percent, driven by the U.S. yogurt divestiture; organic net sales were flat.
- Operating profit was $634 million, down 63 percent, mainly due to the $1 billion yogurt divestiture gain recorded a year ago.
- Diluted EPS was $0.74 versus $2.22 a year ago; adjusted diluted EPS was $0.75, down 13 percent in constant currency.
- Fiscal 2027 guidance reaffirmed: adjusted diluted EPS of $3.00 to $3.20 and organic net sales down 1.5 percent to up 0.5 percent.
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 September 23, 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.