# General Mills, Inc. (GIS)

> GIS · NYSE · Consumer staples, packaged food · United States · US GAAP · Fiscal year ends May
>
> Latest report: Q1 FY2027, the quarter ended 30 August 2026, released 23 September 2026. Snapshot FY2027Q1_6b70cad7.

Page: https://annalist.io/company/general-mills/

Identifiers: LEI 2TGYMUGI08PO8X8L6150, CIK 0000040704

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $4.4bn | 4389500000 | USD | −2.8% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Operating income, quarter | $634m | 633600000 | USD | −63.3% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Net income, quarter | $397m | 397000000 | USD | −67.0% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Diluted EPS, quarter | $0.74 | 0.74 | USD/shares | −66.7% year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2026-08 |
| Operating margin, last 4 quarters | −1.1% | -1.1281 | % | −23.0pp year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08 |
| Return on equity, last 4 quarters | −10.6% | -10.5538 | % | −41.6pp year on year | FY2027 Q1 | 2026-08-30 | 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 30 August 2026 was US$4.4 billion, 2.8% lower than in the same quarter a year earlier. [New in Q1 FY2027] Sources: 10-Q 2026-08.
- Net income attributable to the company was US$397 million, 67.0% lower than in the same quarter a year earlier. [New in Q1 FY2027] Sources: 10-Q 2026-08.
- The operating margin over the last 4 quarters was -1.1%, 23.0 percentage points lower than a year earlier. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08.
- Return on equity over the last 4 quarters was -10.6%, against 31.1% a year earlier. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2024-08.
- Free cash flow over the last 4 quarters was US$1.5 billion, and operating cash flow was -2.3 times net income attributable to the company. [Confirmed in Q1 FY2027] Sources: 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05, 10-Q 2026-08.
- Net debt was US$13.2 billion at 30 August 2026, 37.7 times EBITDA over the last 4 quarters. [Confirmed in Q1 FY2027] Sources: 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05.
- Lease-adjusted debt was 24.4 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled -2.7% of that debt. Both ratios are within the highly leveraged band of the S&P standard volatility table. The lease figures that the quarters do not report are estimated from the lease cost of fiscal 2026 and lease liabilities of Q4 FY2026. [Confirmed in Q1 FY2027] Sources: 10-K 2026-05, 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2025-05.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 0.8 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in Q1 FY2027] Sources: 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 9.4% of average total assets. [Strengthened in Q1 FY2027] Sources: 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05.
- The Altman Z'' score for fiscal 2026 was 2.30, between the distress threshold of 1.10 and the safe threshold of 2.60. [New in FY2026] Sources: 10-Q 2026-08, 10-K 2026-05.
- The Beneish M-score for fiscal 2026 was minus 2.92, below the model threshold of minus 1.78. [Strengthened in FY2026] Sources: 10-K 2026-05, 10-Q 2026-08.
- The Piotroski F-score for fiscal 2026 was 4 of 9. The 5 signals not met were return on assets above zero, return on assets higher than a year earlier, long-term debt to assets lower than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier. [Confirmed in FY2026] Sources: 10-K 2025-05, 10-K 2026-05, 10-Q 2026-08.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2026 | 2026-05-31 | Revenue | $18.4bn | 18424600000 | USD | 10-K 2026-05 |
| FY2026 | 2026-05-31 | Operating income | $886m | 885800000 | USD | 10-K 2026-05 |
| FY2026 | 2026-05-31 | Net income attributable to the company | −$87.6m | -87600000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Revenue | $19.5bn | 19486600000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Operating income | $3.3bn | 3304800000 | USD | 10-K 2026-05 |
| FY2025 | 2025-05-25 | Net income attributable to the company | $2.3bn | 2295200000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Revenue | $19.9bn | 19857200000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Operating income | $3.4bn | 3431700000 | USD | 10-K 2026-05 |
| FY2024 | 2024-05-26 | Net income attributable to the company | $2.5bn | 2496600000 | USD | 10-K 2026-05 |
| FY2023 | 2023-05-28 | Revenue | $20.1bn | 20094200000 | USD | 10-K 2025-05 |
| FY2023 | 2023-05-28 | Operating income | $3.4bn | 3433800000 | USD | 10-K 2025-05 |
| FY2023 | 2023-05-28 | Net income attributable to the company | $2.6bn | 2593900000 | USD | 10-K 2025-05 |
| FY2022 | 2022-05-29 | Revenue | $19.0bn | 18992800000 | USD | 10-K 2024-05 |
| FY2022 | 2022-05-29 | Operating income | $3.5bn | 3475800000 | USD | 10-K 2024-05 |
| FY2022 | 2022-05-29 | Net income attributable to the company | $2.7bn | 2707300000 | USD | 10-K 2024-05 |

## Source Documents

- 10-Q 2026-08: Form 10-Q, period ended 30 August 2026, 23 Sep 2026 (https://www.sec.gov/Archives/edgar/data/40704/000162828026063201/gis-20260830.htm)
- 10-Q 2025-11: Form 10-Q, period ended 23 November 2025, 17 Dec 2025 (https://www.sec.gov/Archives/edgar/data/40704/000162828025057598/gis-20251123.htm)
- 10-Q 2026-02: Form 10-Q, period ended 22 February 2026, 18 Mar 2026 (https://www.sec.gov/Archives/edgar/data/40704/000162828026019398/gis-20260222.htm)
- 10-K 2026-05: Form 10-K, period ended 31 May 2026, 1 Jul 2026 (https://www.sec.gov/Archives/edgar/data/40704/000162828026046466/gis-20260531.htm)
- 10-Q 2025-08: Form 10-Q, period ended 24 August 2025, 17 Sep 2025 (https://www.sec.gov/Archives/edgar/data/40704/000119312525206304/d60216d10q.htm)
- 10-Q 2024-08: Form 10-Q, period ended 25 August 2024, 18 Sep 2024 (https://www.sec.gov/Archives/edgar/data/40704/000119312524221344/d874379d10q.htm)
- 10-K 2025-05: Form 10-K, period ended 25 May 2025, 26 Jun 2025 (https://www.sec.gov/Archives/edgar/data/40704/000119312525147079/d938443d10k.htm)
- 10-K 2024-05: Form 10-K, period ended 26 May 2024, 26 Jun 2024 (https://www.sec.gov/Archives/edgar/data/40704/000119312524168943/d764890d10k.htm)

## Reliability

- 306 checks compare these figures with other official figures; 0 failed.
- 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/general-mills/snapshots.json

## Cite

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## Peers

- [The Kraft Heinz Company](https://annalist.io/company/kraft-heinz/brief.md)
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- [Side by side](https://annalist.io/compare/?c=general-mills,kraft-heinz,conagra-brands,campbells)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.