AddedRisk Factors
Our business is subject to various risks and uncertainties. Any of the risks described below could materially, adversely affect our
GISGeneral Mills
For 160 years, General Mills has been making food the world loves. 10-K, Item 1
- Employees
- 30,000
- Headquarters
- Minneapolis, MN
- CEO
- Jeffrey L. Harmening
- Next results
- around Dec 16, 2026
10-K 0001628280-26-046466 (2026-07-01) vs 10-K 0001193125-25-147079 (2025-06-26)
| Section | Compared text | Words now | Changed |
|---|---|---|---|
| Risk Factors | Item 1A | 4,151 | not compared |
| MD&A | Item 7 | 10,208 | 94.9% |
| Legal Proceedings | Item 3, via Note 16 – COMMITMENTS AND CONTINGENCIES | 61 | not compared |
| Accounting Policies | Item 8, Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2,830 | not compared |
The redline: what was cut and what was added
In each section, the paragraph that changed most, marked against last year's 10-K:
cut words struck through, new words highlighted and underlined.
MD&A 24 words changed in this paragraph; it is 33% similar to last year's version.
Source: Item 7, 10-K 0001628280-26-046466 vs Item 7, 10-K 0001193125-25-147079
Every change, by type
Sentences and paragraphs of GIS's Risk Factors and MD&A, 10-K 2026-07-01 against 10-K 2025-06-26. Each links to the text at sec.gov.
Quiet changes are sentences kept from last year with one to four words changed, at least one of them a hedge, a modal or a qualifier
(may, could, will, not, significant, material…). A year or date rolling forward is not counted.
The full word list
adverse, adversely, all, although, anticipate, anticipates, any, approximately, believe, believes, can, cannot, certain, could, expect, expects, generally, however, if, intend, intends, largely, likely, many, material, materially, may, might, most, must, never, no, not, possible, primarily, probable, should, significant, significantly, some, substantial, substantially, unlikely, will, would
AddedRisk Factors
The categories in which we participate are very competitive, and if we are not able to compete effectively, our results of
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The human and pet food categories in which we participate are very competitive. Our principal competitors in these categories are
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manufacturers, as well as retailers with their own branded and private label products. Competitors market and sell their products
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through brick-and-mortar stores and e-commerce. All of our principal competitors have substantial financial, marketing, and other
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resources. In most product categories, we compete not only with other widely advertised branded products, but also with regional
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brands and with generic and private label products that are generally sold at lower prices. Competition in our product categories is
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based on product innovation, product quality, price, brand recognition and loyalty, effectiveness of marketing, promotional activity,
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convenient ordering and delivery to the consumer, and the ability to identify and satisfy consumer preferences. If our large competitors
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were to seek an advantage through pricing or promotional changes, we could choose to do the same, which could adversely affect our
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margins and profitability. If we did not do the same, our revenues and market share could be adversely affected. Our market share and
AddedRisk Factors
revenue growth could also be adversely impacted if we are not successful in introducing innovative products in response to changing
AddedMD&A
ITEM 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations
AddedMD&A
We are a global packaged foods company. We develop distinctive value-added food products and market them under unique brand
AddedMD&A
names. We work continuously to improve our core products and to create new products that meet consumers’ evolving needs and
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preferences. In addition, we build the equity of our brands over time with strong consumer-directed marketing, innovative new
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products, and effective merchandising. We believe our brand-building approach is the key to winning and sustaining leading share
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Our fundamental financial goal is to generate competitively differentiated returns for our shareholders over the long term. We believe
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achieving that goal requires us to generate a consistent balance of net sales growth, margin expansion, cash conversion, and cash
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Our long-term growth objectives are to deliver the following performance on average over time:
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•mid- to high-single-digit annual growth in adjusted diluted earnings per share (EPS);
AddedMD&A
•cash return to shareholders of 80 to 90 percent of free cash flow, including an attractive dividend yield.
AddedMD&A
Guided by our purpose to make food the world loves, we are executing our Accelerate strategy to drive sustainable, profitable growth
AddedMD&A
and top-tier shareholder returns over the long term. The strategy focuses on four pillars to create competitive advantages and win:
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