General Mills FY27 Q1 net earnings drop 67% to $397 million; net sales fall 3% to $4.39 billion
Bitget2026/09/23 11:05- General Mills posted first-quarter net sales down 3% to USD 4.4 billion; organic net sales were flat.
- Operating profit fell 63% to USD 634 million, while operating margin narrowed 23.8 percentage points to 14.4%.
- Net earnings attributable to shareholders dropped 67% to USD 397 million, and diluted EPS fell 67% to USD 0.74.
- Management cited stronger innovation and renovation, and reiterated its fiscal 2027 organic net sales outlook of down 1.5% to up 0.5%.
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