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General Mills GIS Q3 2026 earnings

Reported March 18, 2026 · Before market open

Revenue$4.4BBeat by $25.6MDiluted EPS$0.64Miss by $0.09
Revenue estimate$4.4B
EPS estimate$0.73

Next report

Sep 23, 2026 (in 2 months)
Revenue estimate$4.3B
EPS estimate$0.74

Financials

Q3 2026

Income statement

See full
Revenue$4.4B-8.4%
Gross profit$1.4B-16.6%
Operating income$524.6M-41.1%
Net income$303.1M-51.6%
EPS (diluted)$0.56-50.0%

Balance sheet

See full
Cash & equivalents$785.5M+50.7%
Total debt$11.8B-3.4%
Total equity$9.3B+0.9%
Total assets$32.4B-0.9%

Cash flow

See full
Operating cash flow$397.9M-25.2%
CapEx$102.4M-1.4%
Free cash flow$295.5M-31.0%

Valuation & ratios

Valuation

as of 02/22/26
See full
Market cap$24.13B-27.8%
Enterprise value$35.18B-22.1%
P/E10.9×-2.2×
P/S1.3×-0.4×

Profitability

See full
Gross margin33%-2.3pp
Operating margin19%+0.7pp
Net margin12.1%-1.0pp
FCF margin9%-3.6pp

Returns & leverage

See full
Return on equity23.8%-3.6pp
Debt / equity1.3×-0.1×
Current ratio0.6×-0.1×

Segments

By product

See full
Snacks$962.6M-3.4%
Cereal$762.7M0.0%
Convenient meals$730.3M-3.2%
Pet$678.1M—
Dough$618.6M-4.5%

By segment

See full
North America Retail$2.6B-13.7%
North America Pet$640.5M+2.7%
North America Foodservice$496.4M-10.6%

By geography

See full
US$3.7B-6.8%

Versus estimates

Revenue

Q4 2026$4.6BBeat by $21.0M
Q3 2026$4.4BBeat by $25.6M
Q2 2026$4.9BBeat by $79.6MQ1 2026$4.5BMiss by $19.9MQ4 2025$4.6BMiss by $29.6MQ3 2025$4.8BMiss by $108.2M

Diluted EPS

Q4 2026-$3.74Miss by $4.56
Q3 2026$0.64Miss by $0.09
Q2 2026$1.10Beat by $0.07Q1 2026$0.86Beat by $0.04Q4 2025$0.74Beat by $0.03Q3 2025$1.00Beat by $0.04

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Questions, answered.

When did General Mills report Q3 2026 earnings?
General Mills (GIS) reported Q3 2026 earnings on March 18, 2026 before market open.
What were General Mills's Q3 2026 revenue and EPS?
General Mills reported revenue of $4.4B and diluted EPS of $0.64 for Q3 2026.
Did General Mills beat estimates in Q3 2026?
Revenue beat the consensus estimate of $4.4B by $25.6M. EPS missed the consensus estimate of $0.73 by $0.09.
How did General Mills's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 8.4% from $4.8B a year earlier and diluted EPS declined 36.0% from $1.00.
Where can I find General Mills's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-019020) and the 10-Q periodic report (0001628280-26-019398) directly on SEC EDGAR. The filing index links above go to sec.gov.