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Get filing alertsRisk Profile Improvements
- Goodwill Impairment (new) — Company recorded $1.5 billion goodwill impairment in North America Pet due to sustained decline in market capitalization and stock price in Q4 FY2026.
- Asset Impairment (new) — Company recorded $52.9M Uncle Toby's brand impairment, plus $250M impairment on Nudges and True Chews brands in North America Pet.
GIS swings to $87.6M loss on $1.75B pet-food impairments; exits yogurt for $1.0B gain
Filed July 1, 2026 · Period ending May 31, 2026 · Compared to 10-K Jun 26, 2025 · ~1 min read
Key Changes
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Company recorded $1.5B goodwill impairment and $250M brand impairments (Nudges, True Chews) in North America Pet after sustained stock-price decline triggered interim assessment in Q4 FY2026.
MD&A: Impairments verify on EDGAR → -
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Net earnings swung from $2.3B profit ($4.10/share) in FY2025 to $87.6M loss ($0.16/share) in FY2026, driven by pet-food impairments and $76.5M after-tax loss from joint ventures (vs. $57.6M earnings prior year).
MD&A: Net Earnings verify on EDGAR → -
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Divested North America yogurt business for $1.0B gain; removed yogurt from category list and dairy products from raw materials. Net sales fell 5.5% to $18.4B, reflecting portfolio exits.
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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Generated by AI · Jul 2, 2026 12:16 AM