The Investor
20 Mar 2026, 08:06
General Mills reported weaker third-quarter fiscal 2026 results, reflecting the expected impact of strategic investments, divestitures, and timing-related expenses, while reaffirming its full-year outlook.
Net sales declined 8% to $4.4 billion, with organic sales down 3%, as lower volumes and pricing pressure weighed on performance. Profitability also weakened, with operating profit falling 41% to $525 million and adjusted operating profit down 32%, while adjusted EPS declined 37% to $0.64.
The company attributed the declines to brand investment initiatives, yogurt business divestitures, and cost pressures, but emphasized improving volume trends and market share. Management expects a recovery in the fourth quarter, supported by better timing comparisons and continued momentum, positioning the company for a return to growth heading into fiscal 2027.
Business Wire
Net sales declined 8% to $4.4 billion, with organic sales down 3%, as lower volumes and pricing pressure weighed on performance. Profitability also weakened, with operating profit falling 41% to $525 million and adjusted operating profit down 32%, while adjusted EPS declined 37% to $0.64.
The company attributed the declines to brand investment initiatives, yogurt business divestitures, and cost pressures, but emphasized improving volume trends and market share. Management expects a recovery in the fourth quarter, supported by better timing comparisons and continued momentum, positioning the company for a return to growth heading into fiscal 2027.
Business Wire
