General Mills Q1 Profit Plunges, Confirms FY27 Outlook

General Mills reported first-quarter sales of $4.39 billion, exceeding estimates of $4.35 billion, driven by increased demand for at-home food options. Adjusted gross margin declined to 33.3% due to higher input costs, and adjusted profit per share fell to 75 cents from 86 cents last year, according to the company.

GENERAL MILLS INC (GIS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99 FOR IMMEDIATE RELEASE September 23, 2026 General Mills Reports Fiscal 2027 First-quarter Results and Reaffirms Full-year Outlook • Net sales of $4.4 billion were down 3 percent due to the U.S. yogurt divestiture; organic net sales¹ were flat • Operating profit of $634

Freedom Broker maintained a Hold rating on General Mills (GIS) but lowered its price target to $42 from $70. General Mills reported Q4 net sales of $4.61B, up 1% YoY, with adjusted EPS of $0.95. The company guided fiscal 2027 organic sales to range from -1.5% to +0.5% and adjusted earnings of $3.00-$3.20 per share. TD Cowen also reiterated a Hold rating, raising its target to $32. Other analysts adjusted targets following earnings.

Evercore ISI reduced its price target for General Mills (GIS) to $38 from $39, maintaining an In Line rating. The company recently reaffirmed its FY adjusted EPS guidance of $3.00-$3.20, below the consensus of $3.08, and completed the sale of its business in Brazil to 3coracoes.

General Mills Inc. executives discussed their strategy to lower base prices to improve competitiveness and stabilize volumes. CEO Jeffrey Harmening and COO Dana McNabb reported a 10% base volume decline in fiscal 2025, but a 2% increase going into fiscal 2027. The company also addressed slumping businesses and lowered fiscal 2026 guidance. Q4 net sales rose 1% to $4.61B, with mixed segment performance. General Mills reaffirmed its fiscal 2027 outlook, expecting adjusted EPS of $3-$3.20 and organ

General Mills (GIS) stock is poised for a second week of gains after strong Q4 results, with Jefferies raising its price target to $36. Revenue matched estimates at $4.6B, while adjusted earnings of $0.95 beat forecasts. Jefferies highlights cost-saving initiatives but maintains a Hold rating due to weak demand and margin pressures. GIS stock fell 0.6% overnight after a 7.7% gain. The company expects $3B in savings by 2030 and forecasts challenging consumer spending conditions.