GENERAL MILLS INC — Form 10-K filed 2026-07-01

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General Mills reported fiscal 2026 net sales of $18.4 billion, down 5%, with organic sales down 2%. Operating profit fell 73% to $886 million due to $1.8 billion impairments and a $1.0 billion valuation loss on Brazil held-for-sale. Net loss was $87.6 million, with diluted EPS of $(0.16). Adjusted EPS was $3.55, down 16%. For fiscal 2027, the company guides organic sales between -1.5% and +0.5%, adjusted EPS of $3.00-$3.20, and free cash flow conversion of ~95%.