General Mills Inc

Company facts

Industry

Grain Mill Products

Headquarters

Minneapolis, Minnesota

Most recent report

10-K, filed Jul 1, 2026

Incorporated

Delaware

Filings on record

1,002+ filings

On EDGAR

CIK 40704

Fiscal year ends

May

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 2 of 26 sections worth reading, with 1 positive, 5 notable, and 4 negative flags.

• Risk Factors (Item 1A)

  Key quantified risks: Walmart concentration, $13.6B debt, $20.6B goodwill, plus brand impairment risk.
  Notable

  • 20% of FY2026 net sales from outside US, exposing to currency, political, and tariff risks.
  • $13.6B total debt and noncontrolling interests as of May 31, 2026, may limit financing and dividend flexibility.
  • $20.6B goodwill and indefinite-lived intangibles; impairment risk if growth expectations not met.

• Management's Discussion (Item 7)

  FY2026 net loss on $1.8B Pet and brand impairments; sales down 5%.
  Positive

  • International net sales up 9%, segment operating profit up 96% constant-currency in FY2026.
  Notable

  • FY2027 guidance: organic net sales -1.5% to +0.5%; adjusted EPS $3.00-$3.20.
  • $1,054M of long-term debt matures within 12 months (€500M Oct 2026, €400M Apr 2027).
  Negative

  • Net sales down 5% to $18.4B in FY2026, organic down 2%.
  • Operating profit down 73% to $886M in FY2026.
  • Diluted loss per share of $(0.16) down 104% in FY2026.
  • $1,032M pre-tax valuation loss on planned Brazil business divestiture in FY2026.

What changed: FY2026 vs. FY2025

At least 73% of GIS's FY2026 10-K is new information. 1,753 paragraphs were added, 441 changed, and 719 removed. Below are the most important lines SECSift identified.

• Financial Statements (Item 8) 549
• Management's Discussion (Item 7) 498
• Risk Factors (Item 1A) 231
• Business (Item 1) 174
• Market Risk (Item 7A) 49
• Cybersecurity (Item 1C) 31
• Properties (Item 2) 22
• Market for the Stock (Item 5) 10