General Mills Organic Sales Flat as Yogurt Divestiture Weighs on Top Line
Dow Jones
Sep 23
General Mills' organic net sales were flat in fiscal 1Q 2027, matching year-ago levels, while reported net sales fell 3% to $4.4 billion. The decline reflects a 3-point headwind from the U.S. yogurt divestiture completed in fiscal 2026. North America Retail organic sales dropped 3%, driven by lower volume and retailer inventory changes, though the segment posted a 2-point sequential improvement in retail sales growth. International organic sales rose 4%, led by distributor markets, India, and China. The company reaffirmed its full-year organic sales outlook of down 1.5% to up 0.5%
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