General Mills earnings report

Note: This section contains information in English only.
Source: Dukascopy Bank SA
General Mills reported its first-quarter results for fiscal 2026, showing mixed performance. Sales fell 7% to $4.5 billion, partly due to selling its U.S. yogurt business. Organic sales, which exclude one-time events, were down 3%. The company made a $1.05 billion gain from the yogurt sale, which helped push total operating profit up 108% to $1.7 billion. However, adjusted operating profit (excluding one-time gains) dropped 18%, and adjusted earnings per share fell 20% to $0.86. Overall earnings per share more than doubled to $2.22, helped by the one-time gain and fewer shares in the market.



CEO Jeff Harmening said the company is focused on growing again by offering better value, launching new products, and improving marketing. These efforts are helping General Mills hold or grow market share in most of its top U.S. food categories. The company is also preparing to launch new items like Blue Buffalo fresh pet food. By business area, U.S. retail sales dropped 13% mainly due to lower volume and the yogurt sale. Pet food sales rose 6% thanks to an acquisition, but organic sales dropped 5%. Foodservice sales fell 4%, but were up slightly when excluding the yogurt impact. International sales rose 6%, with strong results in India, North Asia, and Europe.
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