General Mills reports lower first-quarter sales and adjusted EPS, reaffirms outlook

General Mills reported fiscal 2027 first-quarter net sales of $4.4 billion, down 3%, and diluted EPS of $0.74, down 67%, for the quarter ended August 30, 2026; adjusted diluted EPS was $0.75, down 13% in constant currency. Results were affected by the U.S. yogurt divestiture and higher input costs, while the company completed its Brazil business sale to 3corações on September 2, 2026, for a base price of R$800 million. General Mills reaffirmed its fiscal 2027 targets, including organic net sales ranging from down 1.5% to up 0.5%, adjusted diluted EPS of $3.00 to $3.20, and at least $750 million in cost savings.