General Mills IncGIS
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Q4 earnings beat and $3B cost savings plan announced
Impact on stocks 1
Consumer Staples
General Mills IncGeneral Mills Q4 2026 earnings beat, targets $3B in cost savings
Earnings
General Mills reported fourth-quarter adjusted earnings of 95 cents a share, beating analyst estimates of 80 cents a share. Revenue rose 1% to $4.61 billion, slightly above expectations of $4.59 billion. The company announced a plan to cut $3 billion in cumulative costs by fiscal 2030, with at least $750 million in savings expected in fiscal 2027 alone. Two large non-cash items pushed the company to a net loss of $2.01 billion: $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. Shares jumped roughly 5% in premarket trading Wednesday.
General Mills IncQ4 earnings beat and $3B cost savings plan announced