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How General Mills (GIS) makes money

General Mills (GIS) made $4.4B of revenue in the first quarter fiscal 2027 (Q1 FY27), -0.6% from a year earlier. Snacks brought in $1.0B (24%); Cereal brought in $756M (17%); Pet brought in $651M (15%). Of every dollar of revenue, 14¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

General Mills revenue by segment, Q1 FY27General Mills revenue by segment, Q1 FY27Snacks$1.0BCereal$756MPet$651MConvenient meals$647MDough$516MBaking mixes and ingredients$469MSuper-premium ice cream$232MOther$86.5M
General Mills: revenue by line, Q3 FY25 to Q1 FY27General Mills: revenue by line, Q3 FY25 to Q1 FY27SnacksCerealConvenient mealsPetDoughBaking mixes and ingr…Super-premium ice cre…OtherSnacks: $1.0B latest$1.0BCereal: $756M latest$756MConvenient meals: $647M latest$647MPet: $651M latest$651MDough: $516M latest$516MBaking mixes and ingredients: $469M latest$469MSuper-premium ice cream: $232M latestOther: $86.5M latestQ3 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Snacks went from 21% of revenue in Q3 FY25 to 24% in Q1 FY27, the largest shift in the mix.
General Mills revenue by quarterGeneral Mills revenue by quarter$4.8BQ3 FY25$4.6BQ4 FY25$4.5BQ1 FY26$4.9BQ2 FY26$4.4BQ3 FY26$4.6BQ4 FY26$4.4BQ1 FY27
General Mills: where each dollar of revenue goesGeneral Mills: where each dollar of revenue goesOperating profit14¢Income tax3¢Net earnings9¢Operating cash flow7¢Free cash flow5¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Snacks$1.0B23.5%-7%-2%
Cereal$756M17.2%-2%-1%
Pet$651M14.8%-13%+1%
Convenient meals$647M14.7%-2%-0.6%
Dough$516M11.8%-5%+0.3%
Baking mixes and ingredients$469M10.7%+5%+5%
Super-premium ice cream$232M5.3%-3%+5%
Other$86.5M2.0%-12%-28%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$4.4B100.0%
Operating profit$634M14.4%
Income tax$123M2.8%
Net earnings$398M9.1%
Operating cash flow$298M6.8%
Free cash flow$207M4.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$4.4B-3%
Q4 FY26$4.6B+1%
Q3 FY26$4.4B-8%
Q2 FY26$4.9B-7%
Q1 FY26$4.5B-7%
Q4 FY25$4.6B-3%
Q3 FY25$4.8B-5%

From General Mills' 10-Q filed Sep 23, 2026 (on EDGAR).

Questions

How does General Mills make money?

General Mills (GIS) made $4.4B of revenue in the first quarter fiscal 2027 (Q1 FY27), -0.6% from a year earlier. Snacks brought in $1.0B (24%); Cereal brought in $756M (17%); Pet brought in $651M (15%). Of every dollar of revenue, 14¢ was left as operating profit, 9¢ was left as net earnings.

What is General Mills' biggest business?

Snacks: $1.0B in the first quarter fiscal 2027, 24% of revenue, -2% from a year earlier.

What is General Mills' profit margin?

Net earnings were $398M, 9.1% of revenue, in the first quarter fiscal 2027; the operating margin was 14.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.