General Mills' Planned Brazil Divestiture Weighs on Results
Dow Jones
Jul 01
General Mills posted a fourth-quarter operating loss of $2.1 billion, but the headline number masks underlying operational strength. The loss stems largely from a $1 billion non-cash valuation hit tied to the planned sale of the company's Brazil business, along with $1.8 billion in goodwill and brand impairment charges driven by higher discount rates. Strip out those items, and adjusted operating profit reached $705 million, up 13% in constant currency. The contrast highlights how non-cash charges can obscure operational trends in a single reporting period.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
(END) Dow Jones Newswires
July 01, 2026 08:45 ET (12:45 GMT)
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