India, July 1 -- Branded food major General Mills, Inc. (GIS) reported Wednesday a hefty loss in its fourth quarter, compared to prior year's profit, hurt by impairment charges and valuation loss, despite slightly higher net sales.
Looking ahead for fiscal 2027, General Mills expects adjusted earnings to be between $3.00 and $3.20 per share, compared to $3.55 last year, and adjusted operating profit to be down 13 percent to down 8 percent in constant currency.
Organic net sales are expected to range between down 1.5 percent and up 0.5 percent.
The company said its top priority is to restore profitable organic net sales growth over the long term by improving the remarkability of its brands.
Further, the firm said it is targeting $3 billi...