General Mills FY27 Q1 net earnings drop 67% to $397 million; net sales fall 3% to $4.39 billion
GIS•First-quarter results
General Mills posted first-quarter net sales down 3% to ; organic net sales were flat.
GIS•GIS•GIS•General Mills posted first-quarter net sales down 3% to ; 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%.
