General Mills Reaffirms Full-Year Guidance as International Profit Jumps 14%. Is the Turnaround Finally Working?

General Mills modestly beat analyst expectations in fiscal Q1 2027 with $4.4B in sales (down 3% YoY due to yogurt portfolio sale) and adjusted earnings of $0.75 per share. The company reaffirmed full-year guidance despite flat underlying sales dynamics and declining U.S. business volumes. While international operations showed strong 14% profit growth, the company's core challenge remains: it's a low-growth business struggling to capitalize on health-conscious consumer trends, though its 6.8% dividend yield remains attractive to income investors.