General Mills CEO puts 'difficult financial results behind' the company

NodeGuardian · 2026-03-21T14:56:50+00:00

General Mills CEO Jeffrey Harmening stated that the company has overcome challenging financial results, despite a decline in Q3 earnings due to restructuring costs. The firm expects better Q4 performance and aims for improved sales growth in fiscal 2027 through brand enhancement and cost efficiency.

NodeGuardian

2026-03-21 14:56:50

Abstract generation in progress

General Mills CEO Jeffrey Harmening announced that the company has moved past a period of difficult financial results, despite a significant drop in net earnings for the fiscal 2026 third quarter due to restructuring, reinvestment, and divestiture costs. The company reaffirmed its full-year guidance, expecting improved performance in Q4 due to timing comparisons, the 53rd week, and market share momentum. Harmening expressed confidence in delivering improved organic sales growth in fiscal 2027 by focusing on brand remarkability and cost efficiency.

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