General Mills (GIS) 10-K Summaries & Annual Filing History
Review General Mills, Inc. (GIS) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended May 31, 2026 · FY2026 10-K
General Mills reported a decline in net earnings that resulted in a net loss for the fiscal year, while revenue and operating income also decreased. The company's cash from operations remained positive, supporting shareholder returns and capital expenditures.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$18.4B
Revenue reported for the fiscal year.
Operating income
$885.8M
Income from operations reported for the year.
Net income
-$87.6M
Net income reported for the year.
Operating cash flow
$2.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 24, 2025 | $4.5B | -76.8% |
| Nov 23, 2025 | $4.9B | +7.6% |
| Feb 22, 2026 | $4.4B | -8.7% |
| May 31, 2026 | $18.4B | +315.3% |
Business overview
General Mills is a multinational food company that manufactures and markets branded consumer foods. Its product portfolio includes cereals, snacks, yogurt, and other packaged food items. The company operates through retail, foodservice, and international channels.
Financial performance
Annual revenue declined compared to the prior year, and operating income fell significantly. Net income turned negative, contrasting with a positive result in the previous year, though cash generated from operations remained substantial.
Material risks
The filing notes that the company faces risks from fluctuations in foreign currency exchange rates and tax liabilities on repatriated foreign earnings. Additionally, a portion of foreign earnings is permanently reinvested, limiting the availability of those funds for other uses.
Liquidity and capital
Liquidity is primarily sourced from operations, which have generated strong cash flows. The company uses operating cash to fund dividends, share repurchases, capital expenditures, acquisitions, and debt service.
What to watch
Investors should monitor the trajectory of net earnings given the shift from a profit to a net loss in the current period.