General Mills (GIS) risk factors: FY2026 10-K

1. The categories in which we participate are very competitive, and if we are not able to compete effectively, our results of operations could be adversely affected.
2. We may be unable to maintain our profit margins in the face of a consolidating retail environment.
3. Price changes for the commodities we depend on for raw materials, packaging, and energy may adversely affect our profitability.
4. Concerns with the safety and quality of our products could cause consumers to avoid certain products or ingredients.
5. We may be unable to anticipate changes in consumer preferences and trends, which may result in decreased demand for our products.
6. We may be unable to grow our market share or add products that are in faster growing and more profitable categories.
7. Our results may be negatively impacted if consumers do not maintain their favorable perception of our brands.

Read these in Item 1A

1. If we are not efficient in our production, our profitability could suffer as a result of the highly competitive environment in which we operate.
2. Disruption of our supply chain could adversely affect our business.
3. Our international operations are subject to political and economic risks.
4. Our business operations could be disrupted if our information technology systems fail to perform adequately or are breached.
5. Our failure to successfully integrate acquisitions into our existing operations could adversely affect our financial results.

Read these in Item 1A

1. If our products become adulterated, misbranded, or mislabeled, we might need to recall those items and may experience product liability claims if consumers or their pets are injured.
2. New regulations or regulatory-based claims could adversely affect our business.
3. Climate change and other sustainability matters could adversely affect our business.

Read these in Item 1A

1. Volatility in the market value of derivatives we use to manage exposures to fluctuations in commodity prices may cause volatility in our gross margins and net earnings.
2. Economic downturns could limit consumer demand for our products.
3. We have a substantial amount of indebtedness, which could limit financing and other options and in some cases adversely affect our ability to pay dividends.
4. other postretirement benefit, and postemployment benefit costs.
5. A change in the assumptions regarding the future performance of our businesses or a different discount rate used to value our reporting units or our indefinite-lived intangible assets could negatively affect our consolidated results of operations and net worth.

Read these in Item 1A