General Mills Inc. Sees 108% Operating Profit Increase

By Bobby Samwell • Thursday, September 18 15:32 • Permanent Link

General Mills Inc. has recently released its 10-Q report, revealing key financial and operational insights. The company, founded in 1866 and headquartered in Minneapolis, Minnesota, operates through four segments: North America Retail, International, Pet, and North America Foodservice. The report outlines the company's key priorities for fiscal 2026, including returning North America Retail to volume growth, accelerating North America Pet growth, and driving efficiencies to reinvest in growth.

In the first quarter of fiscal 2026, General Mills reported a 7% decrease in net sales, amounting to $4,517.5 million. However, the operating profit saw a significant increase of 108%, reaching $1,725.8 million, primarily driven by a divestiture gain related to the sale of the United States yogurt business and favorable net price realization and mix. The company's diluted earnings per share also increased by 116% to $2.22.

The report further details the performance of General Mills' operating segments. In the North America Retail segment, net sales decreased by 13% to $2,625.5 million, driven by a decrease in contributions from volume growth, partially offset by favorable net price realization and mix. The segment's operating profit decreased by 24% to $564 million, primarily due to a decrease in contributions from volume growth.

On the other hand, the International segment saw a 6% increase in net sales, reaching $760.2 million, driven by favorable net price realization and mix, and favorable foreign currency exchange impacts. The segment's operating profit also surged by 214% to $66 million, primarily due to favorable net price realization and mix.

The North America Pet segment reported a 6% increase in net sales, amounting to $610 million, driven by favorable net price realization and mix. The segment's operating profit increased by 214% to $66 million, primarily due to favorable net price realization and mix.

As a result of these announcements, the company's shares have moved 1.53% on the market, and are now trading at a price of $49.935. If you want to know more, read the company's complete 10-Q report here.

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