General Mills posts mixed Q4 and full-year results

• General Mills (NYSE:GIS) reported Q4 net sales of $4.6 billion, up 1%, with adjusted operating profit rising 13% in constant currency.
• Full-year net sales fell 5% to $18.4 billion, while adjusted diluted EPS declined 16% to $3.55 in constant currency.
• Results were impacted by non-cash goodwill charges and a planned Brazil business divestiture valuation loss.

General Mills (NYSE:GIS) reported fourth-quarter fiscal 2026 net sales of $4.6 billion, reflecting a 1% increase as organic net sales were flat year over year.

The quarter contrasts with the full fiscal year, where net sales declined 5% to $18.4 billion due to divestitures, acquisitions, and macro-level volume pressure.

The company reported an operating loss of $2.1 billion in the quarter, driven by non-cash goodwill and brand intangible charges as well as a valuation loss tied to the planned Brazil divestiture.

Adjusted diluted EPS for Q4 rose 27% in constant currency to $0.95, while full-year adjusted EPS fell 16% to $3.55.

General Mills said full-year operating profit fell 73% to $886 million, reflecting impairment charges and valuation adjustments, while adjusted operating profit declined 16% in constant currency to $2.8 billion.

The company added that organic net sales declined 2% for the full year, reflecting softer underlying demand partially offset by portfolio changes.