← Research LibraryThe BriefFY2026 10-K · headline figures audited against SEC data
General Mills reshaped its portfolio and paid for it in the accounts: $2,971 million of impairment, valuation and exit charges, mostly Pet goodwill and the Brazil sale, turned net income into an $87.6M loss as revenue fell 5.4% to $18.42B and volume recovery stalled
The read at a glance✓ Audited against SEC data
- Growth — Revenue down 5.4% to $18.42B; organic net sales down 2%Watch
- Profitability — Operating margin down 1,215 bps to 4.81% on non-cash chargesWatch
- Balance sheet — Total debt down 9.0% to $13.54B; equity down 19.9%Note
- Accounting quality — Grey-zone balance-sheet screen; no manipulation flag; earnings quality safeNote
- Capital allocation — Dividends $1.32B; buybacks cut 58.4% to $500.3MNote
- Customer concentration — Walmart 22% of net salesWatch
Business
General Mills makes branded packaged food: cereal, snacks, convenient meals such as soup, refrigerated dough, baking mixes, super-premium ice cream and, since buying Blue Buffalo in 2018, pet food. North America Retail is most of the business, sold heavily through Walmart, which took 22% of net sales. The company is reshaping the portfolio, selling yogurt and Brazil and adding pet brands.
Where the revenue comes from
Fiscal 2026, as GENERAL MILLS INC reports it. History and quarterly detail are in the app.
- North America Retail$10.6B
- International$3.0B
- North America Pet$2.6B
- North America Foodservice$2.2B
Leadership changes
From GENERAL MILLS INC's own filings, the day they're filed.
- Jeffrey L. Harmening · Chief Executive Officer · departureeff. 2027-01-01
- Joan L. Bottarini · Directors · appointmenteff. 2026-01-26
- Benno O. Dorer · Directors · appointmenteff. 2024-01-29
Latest filings
- 8-K · Company announcement2026-10-02
- 8-K · Company announcement2026-09-30
- 10-Q · Quarterly report2026-09-23
- 8-K · Company announcement2026-09-23
- DEF 14A · Annual proxy (pay & governance)2026-08-13
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about GENERAL MILLS INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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