General Mills Q4 2026 earnings beat, targets $3B in cost savings
Key takeaways
- Revenue rose 1% to $4.61 billion for the quarter ended May 31.
- On an adjusted basis, the company's gross margin improved 150 basis points to 34.2%.
- General Mills expects to deliver at least $750 million in savings in fiscal 2027 alone.
General Mills Q4 2026 earnings beat, targets $3B in cost savings General Mills Q4 2026 earnings beat, targets $3B in cost savings · Quartz · Cheng Xin / Getty Images Colleen Cabili Wed, July 1, 2026 at 9:05 PM GMT+7 2 min read GIS General Mills reported fourth-quarter adjusted earnings of 95 cents a share on Wednesday, beating analyst estimates of 80 cents a share, according to The Wall Street Journal. The Minneapolis-based company also announced a plan to cut $3 billion in cumulative costs by fiscal 2030.
Revenue rose 1% to $4.61 billion for the quarter ended May 31. Analyst expectations called for $4.59 billion in revenue.
Two large non-cash items weighed on General Mills' bottom line: $1.8 billion in goodwill and brand intangible asset charges and a $1 billion valuation loss tied to the pending sale of its Brazil business, together pushing the company from a $294 million profit a year earlier to a net loss of $2.01 billion. On an adjusted basis, the company's gross margin improved 150 basis points to 34.2%.