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Red Flags Detected

  • Goodwill Impairment (new) — Company recorded $1.5 billion goodwill impairment in North America Pet segment due to sustained decline in market capitalization and stock price in Q4 FY2026.
  • Asset Impairment (new) — Company recorded $303M in brand intangible asset impairments: $53M for Uncle Toby's and $250M for Nudges and True Chews pet brands.
NYSE: GIS GENERAL MILLS INC 10-K

revenue $18.4B, net income -$87.6M. General Mills swings to loss on pet-segment impairments; exits yogurt

Filed July 1, 2026 · Period ending May 31, 2026 · Compared to 10-K Jun 26, 2025 · ~2 min read

Key Changes

  • high

    Company recorded $1.75B in non-cash impairments: $1.5B goodwill write-down in North America Pet and $303M in brand intangibles (Uncle Toby's, Nudges, True Chews), triggered by sustained stock-price decline in Q4 FY2026.

    MD&A: Impairments verify on EDGAR →
  • high

    Net loss of $87.6M in FY2026 vs. $2.3B profit in FY2025, driven by $3.0B in restructuring and impairment charges (up from $78M prior year). Operating performance masked by one-time write-downs.

    MD&A: Net Earnings verify on EDGAR →
  • high

    Divested yogurt business for $1.8B in proceeds, generating $1.0B gain. Yogurt removed from core category list; dairy products dropped from principal raw materials; Yoplait U.S. license terminated.

    MD&A: Divestitures verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Jul 4, 2026 · How we verify