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General Mills GIS North America Pet — Operating Income (Loss)

Other segment segments

North America Retail
$506.4M+6.9%
North America Foodservice
$101.3M+21.9%
International
$61M+81.0%

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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$19.44B-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:OperatingIncomeLoss.

The source filing: General Mills’s 10-K, filed July 1, 2026.

Filed
Jul 1, 2026, 3:20 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-046466
In MillionsNorth America RetailInternationalNorth America PetNorth America FoodserviceTotal
Total net sales$18,424.6
Cost of sales$6,793.2$2,235.5$1,568.6$1,663.3
Selling, general, and administrative expenses1,589.6619.6545.9173.2
Segment operating profit$2,189.0$188.7$498.8$333.0$3,209.5
Unallocated corporate items402.3
Divestitures gain, net(1,049.4)
Restructuring, transformation, impairment, and other exit costs2,970.8
Operating profit$885.8

ITEM 8 - Financial Statements and Supplementary Data

FAQ

What is General Mills's north america pet — operating income (loss)?
General Mills (GIS) reported north america pet — operating income (loss) of $160M in Q1 2026.
How has General Mills's north america pet — operating income (loss) changed year-over-year?
General Mills's north america pet — operating income (loss) increased by 14.2% year-over-year, from $140.1M to $160M.
What is the long-term trend for General Mills's north america pet — operating income (loss)?
Over 3 years (2023 to 2026), General Mills's north america pet — operating income (loss) has grown at a 3.8% compound annual growth rate (CAGR), from $445.5M to $498.8M.
What does north america pet — operating income (loss) mean?
The profit or loss generated by the North America Pet segment after deducting cost of sales and operating expenses from net sales. This measures the core operational profitability of the pet business before interest and taxes.

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