Filing Flows › General Mills (GIS) › Q3 FY26
General Mills (GIS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Mar 18, 2026
General Mills (GIS) reported revenue of $4.4B for the third quarter fiscal 2026 (Q3 FY26), -8% from a year earlier and -9% from the quarter before. Operating margin was 11.8%, net earnings $303M (6.8% of revenue).
General Mills, Q3 FY26: revenue $4.4B (-8% year over year), operating margin 11.8%, net earnings $303M, operating cash flow $398M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | -9% | -8% |
| Gross profit | $1.4B | -19% | -17% |
| Operating profit | $525M | -28% | -41% |
| Net earnings | $303M | -27% | -52% |
| Operating cash flow | $398M | -51% | -25% |
| Free cash flow | $296M | -56% | -31% |
What changed
Revenue was $4.4B in Q3 FY26, down 8% year over year and down 9% from the previous quarter. Snacks was the largest line at 22% of revenue. Snacks lost $0.03B year over year (down 3%), 8% of the total change.
Gross margin was 30.8%, down 3.0 points from Q3 FY25. Operating profit was $0.52B, a 11.8% margin (down 6.6 points year over year). Operating expenses grew 13% against a revenue fall of 8%. Net earnings were $0.30B, down 52% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.40B (down 25% year over year), 130% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.10B left free cash flow of $0.30B.
Questions
What was General Mills' revenue in the third quarter fiscal 2026?
General Mills (GIS) reported revenue of $4.4B for the third quarter fiscal 2026 (Q3 FY26), -8% from a year earlier and -9% from the quarter before.
Was General Mills profitable in the third quarter fiscal 2026?
Operating profit was $525M (11.8% of revenue) and net earnings $303M.
Source: General Mills 10-Q on SEC EDGAR.