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General Mills GIS Baking mixes and ingredients — Net Sales

Other product segments

Snacks
$1.11B+7.6%
Cereal
$768.6M+10.9%
Pet
$746.6M+5.8%
Convenient meals
$662.8M+12.7%
Dough
$541.4M+9.1%
Super-premium ice cream
$237.8M+14.5%
Other
$98.1M+10.7%
Yogurt
$0-100%

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$839M+5.4%
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DARFood Ingredients — Net Sales
$405.23M+16.0%

Other financials

Income statement

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Revenue$4.6B+1.2%
Gross profit$1.6B+8.8%
Operating income$524.6M-41.1%
Net income-$2.0B-783%
EPS (diluted)-$3.74-806%

Balance sheet

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Cash & equivalents$453.8M+24.7%
Total debt$12.9B-15.8%
Total equity$7.4B-19.9%
Total assets$30.0B-9.2%

Cash flow

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Operating cash flow$552.0M-9.7%
CapEx$184.4M-16.3%
Free cash flow$367.6M-6.1%

Valuation

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Market cap$19.44B-26.8%
Enterprise value$31.87B-21.6%
P/S1.1×-0.3×

Profitability

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Gross margin33%-2.3pp
Operating margin4.8%-12.2pp
Net margin-0.5%-12.3pp
FCF margin5%-6.8pp

Returns & leverage

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Return on equity-1.1%-25.8pp
Debt / equity1.8×+0.2×
Current ratio0.7×0.0×

Where this comes from

Reported directly by General Mills in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: General Mills’s 10-K, filed July 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Mills's baking mixes and ingredients — net sales?
General Mills (GIS) reported baking mixes and ingredients — net sales of $446M in Q1 2026.
How has General Mills's baking mixes and ingredients — net sales changed year-over-year?
General Mills's baking mixes and ingredients — net sales increased by 1.7% year-over-year, from $438.4M to $446M.
What is the long-term trend for General Mills's baking mixes and ingredients — net sales?
Over 4 years (2022 to 2026), General Mills's baking mixes and ingredients — net sales has grown at a 1.1% compound annual growth rate (CAGR), from $1.84B to $1.93B.
What does baking mixes and ingredients — net sales mean?
This metric represents the total revenue generated from the sale of baking mixes, flour, and related ingredients to retail and commercial customers. It reflects consumer demand for home-baking products and the company's ability to maintain market share within the shelf-stable pantry category. Fluctuations in this figure often indicate shifts in consumer cooking habits, seasonal baking trends, or competitive pricing pressures.