General Mills FY2026: $2.0B quarterly loss, $0.95 adjusted EPS
General Mills ended fiscal 2026 with a $2.01 billion fourth-quarter net loss and a $3.74 GAAP loss per share, but adjusted diluted EPS was $0.95 and organic net sales were flat. The reported loss came from non-cash impairments and a divestiture valuation charge, so the useful read is through adjusted profit, cash flow and the fiscal 2027 outlook.
1 · Expected vs. Actual
Free preview belowThe quarter's GAAP result was a loss of $3.74 per share, against $0.53 of EPS a year ago, driven by $1.80 billion of non-cash goodwill and brand intangible charges and a $1.03 billion non-cash Brazil divestiture valuation loss. Adjusted diluted EPS was $0.95, up 27.0% in constant currency. For the full year, GAAP diluted loss per share was $0.16 versus $4.10 of EPS a year ago, while adjusted diluted EPS was $3.55, down 16.0% in constant currency.
Fourth-quarter net sales were $4.61 billion, up 1.0%, with organic net sales flat and gross margin of 34.8%. The full year was weaker: net sales fell 5.0% to $18.42 billion and organic net sales fell 2.0%. International led the quarter with 16.0% growth to $858.4 million, while North America Retail, the largest segment, fell 4.0% to $2.47 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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