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General Mills GIS Convenient meals — Net Sales

Other product segments

Snacks
$1.11B+7.6%
Cereal
$768.6M+10.9%
Pet
$746.6M+5.8%
Dough
$541.4M+9.1%
Baking mixes and ingredients
$446M+1.7%
Super-premium ice cream
$237.8M+14.5%
Other
$98.1M+10.7%
Yogurt
$0-100%

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KHCFrozen Meals and Sides — Net Sales
$402M-4.1%
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KHCRefrigerated Snacks — Net Sales
$283M-2.1%
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ACINon-perishables — Net sales and other revenue
$11.88B-2.2%

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 convenient meals — net sales?
General Mills (GIS) reported convenient meals — net sales of $662.8M in Q1 2026.
How has General Mills's convenient meals — net sales changed year-over-year?
General Mills's convenient meals — net sales increased by 12.7% year-over-year, from $588M to $662.8M.
What is the long-term trend for General Mills's convenient meals — net sales?
Over 4 years (2022 to 2026), General Mills's convenient meals — net sales has grown at a -1.0% compound annual growth rate (CAGR), from $2.99B to $2.87B.
What does convenient meals — net sales mean?
This metric represents the total revenue generated from the sale of convenient meal products, including items like refrigerated dough, baking mixes, and shelf-stable meal kits. It serves as a key indicator of consumer demand for time-saving food solutions and the company's ability to maintain market share in the prepared foods category. Tracking this revenue stream helps investors assess the performance of the company's core portfolio against broader trends in home cooking and convenience-focused consumption.