General Mills Q1 FY2027: EPS Down 67% on Yogurt Divestiture Lapping; Brazil Sale Completed
GIS is trading near its 52-week low of $31.75 (12% above the low).
Summary
General Mills Q1 FY2027 results show reported EPS down 67% due to lapping last year's yogurt divestiture gain, with adjusted EPS of $0.75 beating consensus. The Brazil business sale completed on September 2, 2026.
Key Events · Earnings and Guidance · GIS
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Q1 FY2027 EPS Down 67%
Diluted EPS of $0.74 versus $2.22 in Q1 FY2026, driven by lapping the $1.05B pre-tax gain from the U.S. yogurt divestiture. Adjusted EPS of $0.75 beat consensus but fell 13% on a constant-currency basis.
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Net Sales Decline 3%
Net sales of $4.39B, down 3% year-over-year. Organic net sales were flat, with North America Retail down 3% organically, International up 4%, and North America Pet flat.
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Brazil Divestiture Completed
The sale of the Brazil business to 3corações completed on September 2, 2026, subsequent to quarter end. An additional $23.7M non-cash pre-tax valuation loss was recorded in Q1 FY2027.
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Operating Profit Down 63%
Operating profit of $633.6M, down 63% from $1.73B a year ago, primarily due to the absence of the prior year's divestiture gain. Adjusted operating profit of $634M decreased 11% on a constant-currency basis.
Analysis · GIS · Manufacturing
General Mills reported Q1 FY2027 net sales of $4.39B, down 3% year-over-year, with diluted EPS of $0.74 versus $2.22 a year ago. The sharp decline reflects lapping the $1.05B pre-tax gain from the U.S. yogurt divestiture in Q1 FY2026. Adjusted EPS of $0.75 beat consensus but still fell 13% on a constant-currency basis. The company also completed the sale of its Brazil business on September 2, 2026, recording an additional $23.7M non-cash valuation loss in the quarter. Organic net sales were flat, with North America Retail down 3% organically while International grew 4%.
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In the 30 days to Sep 30, 2026, 29.6% of the 1615 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GIS was trading at $35.58 on NYSE in the Manufacturing sector, with a market capitalization of approximately $19B. The 52-week trading range was $31.75 to $51.33. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.