Costco Wholesale reported quarterly revenue of $70.5 billion for the period ended May 2026, up from $63.2 billion a year earlier, while General Mills posted a full-year net loss of $87.6 million for its fiscal year ended May 31, 2026, compared to net income of $2.3 billion in the prior year. Costco's net income for the quarter rose to $2.2 billion from $1.9 billion, and the company recently announced a planned increase to its annual membership fees alongside a new rollout of store entry card scanners. General Mills' revenue for the full fiscal year fell 5% to $18.4 billion, weighed by divestitures and nearly $3 billion in restructuring expenses, and the company is navigating a voluntary product recall of frozen dough while implementing a cost-savings plan. The contrasting results highlight Costco's consistent sales expansion driven by its membership model, while General Mills faces challenges from private-label competition and the divestiture of its yogurt business.
Costco Wholesale CorpQuarterly revenue rose to $70.5B from $63.2B, driven by membership model and fee increase.
General Mills IncFull-year net loss of $87.6M due to divestitures and $3B restructuring expenses.
