GENERAL MILLS, INC. (GIS) FY2027 Q1 P&L / Income Statement

GENERAL MILLS, INC. (GIS) FY2027 Q1 P&L / Income Statement

Income statement for 2026-06-01 through 2026-08-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

4,389,500,000 US dollars

Cost of sales

2,902,300,000 US dollars

Gross profit (calculated)

1,487,200,000 US dollars

Operating costs, net of other operating income (calculated)

853,600,000 US dollars

Operating profit

633,600,000 US dollars

Other income (expense), net (calculated)

negative 131,600,000 US dollars

Earnings before income taxes and after-tax earnings from joint ventures

502,000,000 US dollars

Income taxes

122,800,000 US dollars

Net earnings, including earnings (loss) attributable to noncontrolling interests

398,100,000 US dollars

North America Retail

2,451,800,000 US dollars

International

794,300,000 US dollars

North America Pet

612,800,000 US dollars

North America Foodservice

523,100,000 US dollars

Selling, general, and administrative expenses

832,200,000 US dollars

Restructuring, transformation, impairment, and other exit costs

21,400,000 US dollars

Gain (Loss) on Disposition of Business

0 US dollars

Revenue before reconciliation (calculated)

4,382,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Corporate and Joint Ventures

7,500,000 US dollars. Reported reconciliation to consolidated revenue.

After-tax earnings from joint ventures

18,900,000 US dollars. Reported below-tax contribution to net income.

North America Retail costs (calculated)

1,973,200,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

International costs (calculated)

719,100,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

North America Pet costs (calculated)

513,300,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

North America Foodservice costs (calculated)

443,700,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

106,600,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to GENERAL MILLS, INC.: $397.00 M; to noncontrolling interests: $1.10 M.