General Mills reported adjusted earnings of $0.75 per share for the first quarter of fiscal 2027. This result exceeded Wall Street expectations of $0.72 per share. Revenue reached $4.39 billion for the quarter. This figure surpassed the $4.34 billion consensus estimate.
Adjusted operating profit declined 11% in constant currency compared to the previous year. Adjusted diluted earnings per share fell 13% year-over-year. Higher input costs and lower sales volumes drove these profitability declines.
General Mills reaffirmed its full-year fiscal 2027 financial outlook. The company's stock rose slightly in pre-market trading following the announcement.