General MillsGISEarnings & Financial Report
General Mills, Inc. is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in Minneapolis, the company originally gained fame for being a large flour miller. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis.
GIS Q2 FY2026 Key Financial Metrics
Revenue
$4.9B
Gross Profit
$1.7B
Operating Profit
$728.0M
Net Profit
$413.0M
Gross Margin
34.8%
Operating Margin
15.0%
Net Margin
8.5%
YoY Growth
-7.2%
EPS
$0.78
General Mills Q2 FY2026 Financial Summary
General Mills reported revenue of $4.9B (down 7.2% YoY) for Q2 FY2026, with a net profit of $413.0M (down 48.1% YoY) (8.5% margin). Cost of goods sold was $3.2B, operating expenses totaled $964.5M.
Key Financial Metrics
| Total Revenue | $4.9B |
|---|---|
| Net Profit | $413.0M |
| Gross Margin | 34.8% |
| Operating Margin | 15.0% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
General Mills Q2 FY2026 revenue of $4.9B breaks down across 8 segments, led by Snacks at $1.0B (20.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Snacks | $1.0B | 20.9% |
| Convenient Meals | $827.0M | 17.0% |
| Cereal | $791.2M | 16.3% |
| Dough | $720.9M | 14.8% |
| Pet | $698.7M | 14.4% |
| Baking Mixes And Ingredients | $556.0M | 11.4% |
| Super Premium Ice Cream | $175.8M | 3.6% |
| Other Product | $73.3M | 1.5% |
General Mills Revenue by Segment — Quarterly Trend
General Mills revenue by segment across the last 4 reported quarters, showing how each business line (such as Snacks and Convenient Meals) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Snacks | $1.0B | $962.6M | $1.0B | $996.0M |
| Convenient Meals | $827.0M | $730.3M | $588.0M | $754.1M |
| Cereal | $791.2M | $762.7M | $693.2M | $762.8M |
| Dough | $720.9M | $618.6M | $496.3M | $647.5M |
| Pet | $698.7M | $678.1M | — | — |
General Mills Annual Revenue by Year
General Mills annual revenue history includes year-by-year totals (for example, 2025 revenue was $19.5B).
General Mills Quarterly Revenue & Net Profit History
General Mills results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $4.9B | -7.2% | $413.0M | 8.5% |
| Q1 FY2026 | $4.5B | -6.8% | $1.2B | 26.7% |
| Q4 FY2025 | $4.6B | -3.3% | $294.0M | 6.5% |
| Q3 FY2025 | $4.8B | -5.0% | $625.6M | 12.9% |
| Q2 FY2025 | $5.2B | +2.0% | $795.7M | 15.2% |
| Q1 FY2025 | $4.8B | -1.2% | $579.9M | 12.0% |
| Q4 FY2024 | $4.7B | -6.3% | $557.5M | 11.8% |
| Q3 FY2024 | $5.1B | -0.5% | $670.1M | 13.1% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.10B | $4.71B | $4.85B | $5.24B | $4.84B | $4.56B | $4.52B | $4.86B |
| YoY Growth | -0.5% | -6.3% | -1.2% | 2.0% | -5.0% | -3.3% | -6.8% | -7.2% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $30.86B | $31.47B | $31.77B | $33.40B | $32.71B | $33.07B | $33.02B | $32.55B |
| Liabilities | $21.17B | $21.82B | $22.24B | $23.95B | $23.19B | $23.86B | $23.50B | $23.22B |
| Equity | $9.44B | $9.40B | $9.28B | $9.20B | $9.26B | $9.20B | $9.51B | $9.32B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $943.1M | $863.7M | $624.2M | $1.15B | $531.9M | $611.6M | $397.0M | $819.3M |