GENERAL MILLS $GIS Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $4.4B (Est. $4.35B) 🟢; -3% YoY 🔹 Adj. EPS: $0.75 (Est. $0.72) 🟢; -13% CC 🔹 Adjusted Oper Profit: $634M (Est. $604M) 🟢 🔹 Organic Net Sales Growth: Flat Reaffirms FY27 Guide: 🔹 Organic Net Sales: -1.5%-+0.5% 🔹 Adjusted Operating Profit: -13% to -8% CC 🔹 Adj. EPS: $3.00-$3.20/share 🔹 FCF Conversion: ~95% of adjusted after-tax earnings Segment Net Revenue: 🔹 North America Retail: $2.5B; -3% organic 🔹 International: $794.3M; +4% organic 🔹 North America Pet: $612.8M; flat organic 🔹 North America Foodservice: $523.1M; +4% organic Other Q1 Metrics: 🔹 Organic Net Sales Growth: Flat 🔹 Adjusted Operating Profit Growth: -11% CC 🔹 Adjusted Gross Margin: 33.3%; -90 bps YoY Comments: 🔸 “we remain confident in our ability to deliver our fiscal 2027 guidance.”