General Mills' third-quarter net sales fell 8.4% to $4.44B, and operating profit dropped 41.1% to $524.6M, including a $85 million pre-tax share of a non-cash goodwill impairment charge at CPW, which the company attributes to higher input costs, a decrease in contributions from volume growth, a gain on divestiture related to the sale of our Canada yogurt business recorded in the third quarter of fiscal 2025, and higher restructuring and transformation costs.

Filed March 18, 2026 · Period ending February 22, 2026 · Compared to 10-Q Mar 19, 2025 · ~2 min read

Key Changes

• high

  Net earnings attributable to General Mills fell 51.6% to $303.1M in the third quarter, and diluted EPS declined 50.0% to $0.56.

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• high

  North America Retail net sales decreased 13.7% to $2.60B in the quarter, driven by a decrease in contributions from volume growth, partially offset by favorable net price realization and mix.

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• medium

  International net sales rose 6.9% to $696.3M, helped by favorable foreign currency exchange impacts and an increase in contributions from volume growth.

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