EARNINGS PER SHARE

12 Months Ended

May 31, 2026

Basic and diluted EPS were calculated using the following:


	Fiscal Year
In Millions, Except per Share Data	2026	2025	2024
Net (loss) earnings attributable to General Mills - as reported	$(87.6)	$2,295.2	$2,496.6
Capital appreciation paid on Class A Interests in GMC (a)	—	(10.5)	—
Net (loss) earnings for EPS calculation	$(87.6)	$2,284.7	$2,496.6
Average number of common shares - basic EPS	537.7	554.5	575.5
Incremental share effect from: (b) (c)
Stock options	—	1.2	1.8
Restricted stock units and performance share units	—	1.8	2.2
Average number of common shares - diluted EPS	537.7	557.5	579.5
(Loss) earnings per share — basic	$(0.16)	$4.12	$4.34
(Loss) earnings per share — diluted	$(0.16)	$4.10	$4.31

(a)Please see Note 10 for additional information.

(b)Incremental shares from stock options, restricted stock units, and performance share units are computed by the treasury stock

method. Stock options, restricted stock units, and performance share units excluded from our computation of diluted EPS

because they were not dilutive were as follows:


	Fiscal Year
In Millions	2026	2025	2024
Anti-dilutive stock options, restricted stock units, and performance share units (c)	15.1	4.7	2.1

(c)During fiscal 2026, we reported a net loss attributable to General Mills. Inclusion of dilutive shares would result in a lower

loss per share. As a result, the dilutive shares are considered to be antidilutive and were excluded from the calculation of

diluted EPS for fiscal 2026.