General Mills, Inc.: General Mills reported $18.42 billion in fiscal 2026 net sales, a GAAP net loss of $87.6 million, and about 30,000 employees. Jeffrey L. Harmening is chairman and CEO.
General Mills Revenue and Profit
Fiscal 2026 net sales were $18.42 billion, down from $19.49 billion in fiscal 2025. GAAP net loss attributable to General Mills was $87.6 million, driven by a $1.5 billion goodwill impairment in North America Pet, $250 million of brand intangible impairments, and a divestiture-related valuation loss.
How General Mills Makes Money
General Mills makes money by manufacturing and marketing branded packaged foods through retailers, club stores, e-commerce, foodservice distributors, international partners, and pet channels. Its brands compete for shelf space, household repeat purchases, and retailer promotions across cereal, snacks, meals, baking, yogurt, and pet food.
Why General Mills Matters
General Mills' fiscal 2026 loss is a reminder that consumer-staples durability is not the same as automatic growth. The company has dependable brands, but mature categories require constant renovation to defend volume and pricing.
