GIS Q1 2027 Operating Profit Decreased 63% to $634M, Revenue Down 3% to $4.39B
· The NYC Memo
General Mills reported Q1 2027 operating profit decreased 63% to $634 million, with net sales down 3% to $4.39 billion, leading to diluted EPS of $0.74. The company recorded an additional $24 million non-cash pre-tax valuation loss related to the planned divestiture of its Brazil business. Fiscal 2027 outlook anticipates approximately 9 points lower operating profit and 11 points lower EPS due to the prior year's 53rd week, incentive normalization, and divestitures.