General Mills beats quarterly sales estimates on strong demand

General Mills (GIS) reported Q1 2027 sales of $4.39B and net income of $397M, beating analyst expectations but showing softer organic sales. Management confirmed a $4.93B share repurchase plan and reaffirmed fiscal 2027 outlook, focusing on cost savings and brand momentum. Analysts project $18.1B revenue and $1.8B earnings by 2029, with potential upside or downside depending on execution and market conditions.

Chewy (CHWY) and Petco (WOOF) reported stronger sales in cat products and weaker dog-related sales. General Mills (GIS) saw similar trends, with cat food sales up and dog food down. Cat ownership grew faster than dog ownership, with cats costing less overall. Chewy's Q2 sales rose 7.3% YoY, and it raised full-year guidance, but its stock is down 43.72% YTD.

General Mills (GIS) reported Q1 earnings that beat expectations, with organic sales down 0.4% vs. consensus of 1.9%. TD Cowen raised its price target to $33, while RBC Capital Markets maintained a $45 target. Analysts noted improved market share trends but cautioned that more work is needed. Shares fell 1.54% to $35.27.

Bernstein SocGen cut its price target for General Mills (GIS) to $30 from $31, citing turnaround concerns despite Q1 fiscal 2027 earnings and revenue beating estimates. Organic sales were flat, with North American Retail declining 3%. The stock has fallen 25.6% over the past year. General Mills maintained its fiscal 2027 guidance. Analysts have mixed views, with Stifel reiterating a Buy rating and BofA Securities lowering its target to $40.

General Mills reported a 67% drop in Q1 net income to $397M, but adjusted EPS of 75¢ beat estimates. Sales fell 3% to $4.39B, with organic sales flat. CEO Harmening cited progress in cost savings and innovation. The company reaffirmed its fiscal 2027 guidance, expecting adjusted EPS of $3-$3.20 and a 1.5% to 0.5% change in organic net sales.

General Mills reported Q1 results with flat organic net sales, but improved retail trends. CEO Jeff Harmening cited progress from price cuts, innovation, and marketing. North America retail sales improved by 2 percentage points, and international sales rose 4%. The company reaffirmed its full-year guidance, expecting organic net sales between -1.5% to +0.5% and adjusted EPS of $3 to $3.20.