September 23, 2026

General Mills reported fiscal 2027 first-quarter results on September 23, 2026, posting adjusted earnings of 75 cents per share, ahead of the 72-cent Wall Street consensus. Net sales came in at $4.4 billion, down about 3 percent from a year earlier, a decline the company attributed largely to its divestiture of the U.S. yogurt business; organic net sales were flat. North America Retail, the company's largest segment, saw sales fall 7 percent, including a four-point drag from the yogurt sale, while Foodservice and International sales grew 4 percent organically. Diluted EPS of 74 cents was down sharply year over year, reflecting a roughly $1 billion gain booked a year earlier from the yogurt divestiture that did not repeat in this quarter. Higher input costs also pressured margins, with adjusted gross margin contracting 90 basis points. General Mills reaffirmed its full-year fiscal 2027 guidance of $3.00 to $3.20 in adjusted diluted EPS and reiterated a $750 million cost-savings target.

Sixty percent of the community correctly anticipated General Mills would clear the 72-cent bar, matching the actual outcome. Despite the beat, investors reacted cautiously and shares traded lower in early trading, as the results were viewed as incrementally better rather than a sign of a broader sales turnaround.

President Trump addressed the 81st United Nations General Assembly in New York on September 22, 2026, speaking for roughly 38 minutes, according to a timed transcript of the address. That fell well short of the one-hour mark and was shorter than his 56-minute speech to the same body in September 2025. Trump devoted much of his remarks to Iran, telling delegates the United States could "annihilate" the Islamic Republic but that he expected a negotiated deal after the U.S. midterm elections; he later said American and Iranian officials had met for roughly three hours on the sidelines of the gathering. He also defended a recent U.S. strike inside Venezuela as a warning against "threats to America" in the Western Hemisphere, said his administration was pursuing change in Cuba, and predicted the Russia-Ukraine war would end "more quickly than people understand," without offering specifics.

The community had put a narrow 53 percent probability on Trump exceeding an hour, essentially a coin flip tilted slightly toward yes. The speech ran under 40 minutes, so the community's slim majority landed on the wrong side of the outcome, though the mispricing was modest given how close to even the odds were beforehand.