General Mills' Price Realization Offsets Input Costs to Support Margins — Company Talk

General Mills' reported gross margin held steady at 33.9% in fiscal 1Q 2027, as favorable net price realization and mix offset higher input costs. Adjusted gross margin contracted 90 basis points to 33.3%. Operating profit fell 63% to $634 million, a comparison skewed by a $1.05 billion pre-tax gai…