General Mills' reported gross margin held steady at 33.9% in fiscal 1Q 2027, as favorable net price realization and mix offset higher input costs. Adjusted gross margin contracted 90 basis points to 33.3%. Operating profit fell 63% to $634 million, a comparison skewed by a $1.05 billion pre-tax gain from the U.S. yogurt sale in the prior-year quarter. On an adjusted constant-currency basis, operating profit declined 11%. The company said it expects at least $750 million in savings from its Holistic Margin Management program and global transformation initiative in fiscal 2027

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