General Mills

Q4 FY2026 EarningsFY26 Q4 results delivered a beat on adjusted metrics despite significant non-cash GAAP losses. Revenue of $4.61B was in line with expectations (+0.2% variance), while adjusted EPS of $0.95 significantly exceeded the $0.80 consensus. Adjusted gross margin of 34.2% beat the 33.3% forecast by 92bps, driven by favorable price realization and trade expense timing. Management's FY27 guidance for organic net sales growth (-1.5% to +0.5%) and adjusted EPS of $3.00–$3.20 highlights a cautious outlook amid a challenging consumer environment.