General Mills said operating profit for Q1 of fiscal 2026 increased, driven by a divestiture gain related to the sale of its United States yogurt business and favorable net price realization and mix, partially offset by a decrease in contributions from volume growth and higher input costs.

1. 01

   General Mills said operating profit for Q1 of fiscal 2026 increased, driven by a divestiture gain related to the sale of its United States yogurt business and favorable net price realization and mix, partially offset by a decrease in contributions from volume growth and higher input costs.

2. 02

   The company said adjusted operating profit on a constant-currency basis was affected by a decrease in contributions from volume growth and higher input costs, partially offset by favorable net price realization and mix. It added that this figure includes the net impact of the Divestitures and Acquisition.

3. 03

   General Mills said North America Pet net sales increased in Q1, driven by favorable net price realization and mix and an increase in contributions from volume growth, both of which include the impact of the Acquisition.

4. 04

   General Mills said it completed the sale of its United States yogurt business in Q1 of fiscal 2026, and that operating cash flow reflected an increase in accrued federal income taxes not yet paid, which included income tax expense of $277 million to be paid in connection with the Divestitures, as well as changes in working capital.

Key figures

Quarter ended August 24, 2025

Revenue

$4.5B

Operating income

$1.7B

Net income

$1.2B

EPS

$2.22

Operating cash flow

$397M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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