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NEW YORK STOCK EXCHANGE, INC. · Food Products · CIK 0000040704
$32.57
-2.57% · delayed ~15 min
Last price from Oct 21, 2026
$17.38B market value
From GENERAL MILLS INC's FY2026 10-K, filed Jul 1, 2026 · read the filing
GENERAL MILLS makes food and drink. It took in $18.42B last year, which makes it a large company. It spends more than it earns — losing about 0 cents on every dollar of sales.
The financial picture is led by accounting, while profitability, growth and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by Sharma Pankaj MN, not under a pre-arranged plan.
$197.2K sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Several areas of financial weakness.
From GENERAL MILLS INC's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$3.30B → $885.8M
Profit
$2.30B → -$87.6M
Operating margin
17.0% → 4.8%
Profit margin
11.8% → -0.5%
Measured against FY2025, from the 10-K filed Jul 1, 2026
Deteriorated: -73.2%
$3.30B to $885.8MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: turned negative
$2.30B to -$87.6MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
GIS fell 2.57% on the latest quote. The average Consumer Staples company tracked here moved +3.91%, and the S&P 500 −1.04%. That is 6.5 points below its sector and 1.5 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 28 analysts covering this company, as of . Their views, not this site's.
Of 28 analysts publishing on this company, 1 say strong buy, 2 say buy, 16 say hold, 7 say sell and 2 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $87.6M last year, losing about 0 cents on every dollar of sales.
No. Sales shrank 5.4% last year.
Yes. Clearing its debt would take roughly 6.0 years of cash flow. For every $1 it owes, it owns $1.33 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It paid out 61% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it lost $87.6M and generated $2.17B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Jul 1, 2026Filing for FY2026 | FY202510-K · Jul 1, 2026Filing for FY2025 | FY202410-K · Jun 26, 2024Filing for FY2024 | FY202310-K · Jun 28, 2023Filing for FY2023 | FY202210-K · Jun 30, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $18.42B | $19.49B | $19.86B | $20.09B | $18.99B | −5.4% |
| Cost of revenue | $12.23B | $12.75B | $12.93B | $13.55B | $12.59B | −4.1% |
| Gross profit | $6.20B† | $6.73B† | $6.93B† | $6.55B† | $6.40B† | −8.0% |
| Gross marginGross profit ÷ revenueWhat is this? | 33.6% | 34.6% | 34.9% | 32.6% | 33.7% | −0.9 pts |
| Selling, general and administrative | $3.39B | $3.45B | $3.26B | $3.50B | $3.15B | −1.7% |
| Operating income | $885.8M | $3.30B | $3.43B | $3.43B | $3.48B | −73.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 4.8% | 17.0% | 17.3% | 17.1% | 18.3% | −12.2 pts |
| Interest expense | $581.1M | $524.2M | $479.2M | $382.1M | $379.6M | +10.9% |
| Income before tax | $405.5M | $2.83B | $3.03B | $3.14B | $3.21B | −85.7% |
| Net income | -$87.6M | $2.30B | $2.50B | $2.59B | $2.71B | n/m |
| Net marginNet income ÷ revenueWhat is this? | -0.5% | 11.8% | 12.6% | 12.9% | 14.3% | −12.3 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.1641 | $4.23 | $4.47 | $4.43 | $4.53 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| GISGENERAL MILLS INC · this page | 4.0/10 | 5/9 | -5.4% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 6,294 shares at $31.33 ($197.2K)
Holds 41,325 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 58,467 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Amended its charter or changed its financial year · Held a shareholder vote
Read the filingHad a director or senior officer leave or join
Read the filingWrite down why you are following GENERAL MILLS INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 39 subsidiaries named in its 10-K, incorporated across 23 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from GIS's 10-K for fiscal year 2026 (period ending 2026-05-31, filed Jul 1, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 4.0 | 5/9 | 10-K, filed Jul 1, 2026 |
| FY2025 | 7.0 | 5/9 | 10-K, filed Jun 26, 2025 |
| FY2024 | 7.0 | 5/9 | 10-K, filed Jun 26, 2024 |
| FY2023 | 8.0 | 6/9 | 10-K, filed Jun 28, 2023 |
| FY2022 | 9.0 | 7/9 | 10-K, filed Jun 30, 2022 |
| FY2021 | 9.0 | 8/9 | 10-K, filed Jun 30, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
2.04
In the grey zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.92
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Deteriorated: −12.2 pts
17.0% to 4.8%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −12.3 pts
11.8% to -0.5%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$4.23 to -$0.16Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -29.1%
$2.29B to $1.63BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +24.7%
$363.9M to $453.8MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -5.4%
$19.49B to $18.42BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -8.0%
$6.73B to $6.20BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: -1.6%
542.4M to 533.7MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: -13.7%
$625.3M to $539.9MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q1 FY2027 against Q1 FY2026, from the 10-Q filed Sep 23, 2026 — read it.
Deteriorated: -63.3%
$1.73B to $633.6MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -67.0%
$1.20B to $397.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −23.8 pts
38.2% to 14.4%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −17.6 pts
26.7% to 9.0%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -66.8%
$2.22 to $0.74Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -54.5%
$952.9M to $433.1MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -27.9%
$287.5M to $207.3MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: -17.4%
$109.5M to $90.5MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 7.7% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 7.5x — investors pay $7.5 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| -0.5% |
| — |
| 3.07x |
| MDLZMondelez International, Inc. | 7.0/10 | 5/9 | 5.8% | 6.4% | 34.40x | 1.76x |
|---|
| HSYHERSHEY CO | 8.0/10 | 5/9 | 4.4% | 7.6% | 40.34x | 1.96x |
|---|
| KHCKraft Heinz Co | 4.0/10 | 5/9 | -3.5% | -23.4% | — | 0.96x |
|---|
| TSNTYSON FOODS, INC. | 7.0/10 | 6/9 | 2.1% | 0.9% | 42.98x | 1.03x |
|---|
| SJMJ M SMUCKER Co | 5.0/10 | 6/9 | 3.7% | -1.5% | — | 1.93x |
|---|
| HRLHORMEL FOODS CORP /DE/ | 8.0/10 | 6/9 | 1.6% | 4.0% | 24.57x | 0.70x |
|---|
| Median of peers | 7.0/10 | — | 2.9% | 2.4% | 37.37x | 1.40x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Was granted or awarded shares — 5,323 shares
Holds 29,668 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 34,081 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 46,595 shares after this filing.
Had shares withheld to cover taxes — 560 shares at $33.82 ($18.9K)
Holds 46,035 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 25,826 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 9,349 shares after this filing.
Was granted or awarded shares — 5,323 shares
Holds 39,330 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 6,294 shares ($197.2K) on or after .
Shares originally obtained via Restricted Stock.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Quarterly report for Q1 FY2027
Operating margin −23.8 pts · Operating income -63.3% · Profit -67.0% — against Q1 FY2026
Published results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2026
Revenue -5.4% · Operating margin −12.2 pts · Operating income -73.2% — against FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingQuarterly report for Q3 FY2026
Revenue -8.4% · Operating margin −6.6 pts · Operating income -41.1% — against Q3 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Amended its charter or changed its financial year
Read the filingQuarterly report for Q2 FY2026
Revenue -7.2% · Operating margin −5.6 pts · Profit -48.1% — against Q2 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingAnnounced restructuring or exit costs
Read the filingQuarterly report for Q1 FY2026
Revenue -6.8% · Operating margin +21.1 pts · Operating income +107.6% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingSource: Exhibit 21 of the 10-K filed 2026-07-01. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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