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General Mills GIS North America Foodservice — Goodwill, Measurement Period Adjustment

Other segment segments

North America Pet
-$31.9M
International
$0
North America Retail
$0

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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$19.23B-28.9%
Enterprise value$31.66B-23.0%
P/S-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:GoodwillPurchaseAccountingAdjustments.

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 north america foodservice — goodwill, measurement period adjustment?
General Mills (GIS) reported north america foodservice — goodwill, measurement period adjustment of $0 in Q1 2026.
What does north america foodservice — goodwill, measurement period adjustment mean?
Adjustments made to the initial accounting of goodwill during the measurement period following an acquisition. These changes occur when new information is obtained about facts and circumstances that existed as of the acquisition date. It ensures the accuracy of the purchase price allocation for the North America Foodservice segment.