General Mills Quarterly Income Statement
NYSE: GISConsumer StaplesPackaged FoodsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
General Mills revenue and earnings
In the quarter ended Aug 30, 2026, General Mills generated $4.39 billion in revenue, down 2.8% from the same quarter a year earlier. Net income was $397.0 million (-67.0% year over year), for a net margin of 9.0% versus a median of 6.8% in the prior 5 quarters. Gross margin was 33.9% (flat year over year) and operating margin 14.4%.
Diluted earnings per share came in at $0.74, down from $2.22.
Summary generated from market data by MetaCap's automated system. Methodology
General Mills income statement (quarterly)
| Quarter (USD) | Q1 20272026-08-30 | Q4 20262026-05-31 | Q3 20262026-02-22 | Q2 20262025-11-23 | Q1 20262025-08-24 | Q4 20252025-05-25 | Q3 20252025-02-23 | Q2 20252024-11-24 | Q1 20252024-08-25 | Q4 20242024-05-26 | Q3 20242024-02-25 | Q2 20242023-11-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.39B | 4.61B | 4.44B | 4.86B | 4.52B | 4.56B | 4.84B | 5.24B | 4.85B | 4.71B | 5.10B | 5.14B |
| Revenue growth (YoY) | -2.83% | +1.17% | -8.37% | -7.24% | -6.82% | -3.35% | -5.04% | +1.96% | -1.15% | -6.28% | -0.52% | -1.56% |
| Cost of Revenue | 2.90B | 3.01B | 3.07B | 3.17B | 2.98B | 3.08B | 3.20B | 3.31B | 3.16B | 3.03B | 3.39B | 3.37B |
| Gross Profit | 1.49B | 1.60B | 1.37B | 1.69B | 1.53B | 1.47B | 1.64B | 1.93B | 1.69B | 1.69B | 1.71B | 1.77B |
| Operating Expenses | 853.60M | 3.70B | 842.30M | 964.50M | -193.00M | 970.00M | 747.70M | 853.20M | 857.30M | 909.10M | 796.70M | 954.10M |
| Selling, General & Admin | 832.20M | 888.10M | 812.90M | 842.40M | 845.10M | 894.30M | 844.40M | 852.00M | 855.10M | 798.30M | 790.90M | 830.50M |
| Operating Income | 633.60M | -2.09B | 524.60M | 728.00M | 1.73B | 504.00M | 891.40M | 1.08B | 831.50M | 779.20M | 910.70M | 811.80M |
| Interest Expense | — | — | 128.40M | 125.90M | 132.80M | 139.70M | 136.30M | 124.60M | 123.60M | 122.70M | 121.70M | 117.80M |
| Pretax Income | 502.00M | -2.23B | 411.50M | 617.80M | 1.61B | 377.10M | 769.00M | 967.10M | 721.80M | 676.60M | 807.60M | 714.10M |
| Income Tax | 122.80M | -240.40M | 99.90M | 143.90M | 410.90M | 69.10M | 152.40M | 194.80M | 157.40M | 136.00M | 149.30M | 136.00M |
| Net Income | 397.00M | -2.01B | 303.10M | 413.00M | 1.20B | 294.00M | 625.60M | 795.70M | 579.90M | 557.50M | 670.10M | 595.50M |
| Net Income growth (YoY) | -67.03% | -782.96% | -51.55% | -48.10% | +107.66% | -47.26% | -6.64% | +33.62% | -13.90% | -9.33% | +21.15% | -1.72% |
| EPS (Basic) | 0.74 | -3.74 | 0.57 | 0.78 | 2.22 | 0.53 | 1.14 | 1.43 | 1.03 | 0.98 | 1.18 | 1.03 |
| EPS (Diluted) | 0.74 | -3.74 | 0.56 | 0.78 | 2.22 | 0.53 | 1.12 | 1.42 | 1.03 | 0.98 | 1.17 | 1.02 |
| Shares Outstanding (Basic) | 537.40M | — | 536.60M | 536.40M | 541.30M | — | 552.60M | 556.90M | 560.50M | — | 569.50M | 580.10M |
| Shares Outstanding (Diluted) | 537.90M | — | 537.30M | 537.30M | 542.50M | — | 555.00M | 560.40M | 563.80M | — | 572.80M | 583.40M |
| EBITDA | 773.40M | -1.95B | 664.00M | 866.00M | 1.86B | 639.60M | 1.03B | 1.21B | 971.10M | 919.70M | 1.06B | 940.40M |
| Gross Margin | 33.88% | 34.79% | 30.81% | 34.82% | 33.93% | 32.35% | 33.85% | 36.85% | 34.83% | 35.82% | 33.48% | 34.36% |
| Operating Margin | 14.43% | -45.40% | 11.82% | 14.98% | 38.20% | 11.06% | 18.41% | 20.57% | 17.15% | 16.53% | 17.86% | 15.80% |
| Net Margin | 9.04% | -43.56% | 6.83% | 8.50% | 26.66% | 6.45% | 12.92% | 15.18% | 11.96% | 11.83% | 13.14% | 11.59% |
This table shows 12 quarterly periods of General Mills's income statement, from Q1 2027 back to Q2 2024, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GIS's reporting calendar. What is a income statement?