Filing Flows › General Mills (GIS) › Q1 FY27
General Mills (GIS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Sep 23, 2026
General Mills (GIS) reported revenue of $4.4B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -5% from the quarter before. Operating margin was 14.4%, net earnings $398M (9.1% of revenue).
General Mills, Q1 FY27: revenue $4.4B (-3% year over year), operating margin 14.4%, net earnings $398M, operating cash flow $298M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | -5% | -3% |
| Operating profit | $634M | — | -63% |
| Net earnings | $398M | — | -67% |
| Operating cash flow | $298M | -46% | -25% |
| Free cash flow | $207M | -44% | -28% |
What changed
Revenue was $4.4B in Q1 FY27, down 3% year over year and down 5% from the previous quarter. Snacks was the largest line at 24% of revenue. Other lost $0.03B year over year (down 28%), 26% of the total change.
Operating profit was $0.63B, a 14.4% margin (down 23.8 points year over year). Net earnings were $0.40B, down 67% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.30B (down 25% year over year), 75% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.09B left free cash flow of $0.21B.
Questions
What was General Mills' revenue in the first quarter fiscal 2027?
General Mills (GIS) reported revenue of $4.4B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -5% from the quarter before.
Was General Mills profitable in the first quarter fiscal 2027?
Operating profit was $634M (14.4% of revenue) and net earnings $398M.
Source: General Mills 10-Q on SEC EDGAR.