General Mills Reports FY26 Net Loss, Revenue Down 5% to $18.4B
GIS sits 18% above its 52-week low of $31.75 on elevated volume (2.0× avg).
Summary
General Mills reported a net loss of $(87.6) million for fiscal year 2026, translating to a diluted EPS of $(0.16), a sharp reversal from the prior year's profit. Full-year revenue also declined 5% to $18.4 billion. This news directly summarizes the 10-K filing from earlier today, which attributed the loss primarily to nearly $2.8 billion in non-cash impairment and restructuring charges. The significant drop in profitability and sales highlights ongoing operational challenges and a major portfolio reshaping effort.
At the time of this announcement, GIS was trading at $37.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $20B. The 52-week trading range was $31.75 to $54.18. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.