General Mills posts fiscal 2026 Q4 earnings call transcript
General Mills, Inc.
General Mills, Inc. GIS | 0.00 |
- General Mills published prepared remarks for its fiscal 2026 Q4 earnings call, attended by CEO Jeff Harmening, COO Dana McNabb, CFO Kofi Bruce, and IR VP Jeff Siemon.
- Guidance targets organic net sales -1.5% to +0.5%, adjusted diluted EPS USD 3.00-3.20, free cash flow conversion about 95% of adjusted after-tax earnings.
- Management flagged “mechanical” headwinds of 9 points to operating profit and 11 points to adjusted EPS, including lapping the 53rd week.
- Cost plan targets USD 3 billion cumulative savings through fiscal 2030; USD 750 million expected in fiscal 2027, led by HMM productivity.
- Capital allocation pivoted to deleveraging toward 3x net debt/adjusted EBITDA; dividend rate maintained, buybacks limited to offset equity dilution.
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