General Mills stock falls 3.42 percent as Q1 outlook holds

Published on 09/28/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

General Mills stock traded at USD 33.64 on September 25, 2026, above its 52-week low of USD 31.75. Fiscal 2027 Q1 adjusted EPS was USD 0.75 versus USD 0.72 consensus, while annual guidance stayed at USD 3.00 to USD 3.20.

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General Mills stock (ISIN US3703391032) was last at USD 33.64 on the NYSE on September 25, 2026, down 3.42 percent from USD 34.83. The move followed fiscal 2027 first-quarter figures that beat consensus on adjusted earnings while leaving the full-year outlook unchanged.

Quarterly sales fell 3 percent

According to General Mills on September 23, 2026, net sales for the quarter ended August 30, 2026, fell 3.00 percent year over year to USD 4.4 billion. The company said the decline reflected the U.S. yogurt divestiture, while organic net sales were flat.

The earnings mix was weaker on a reported basis. Operating profit fell 63.00 percent to USD 633.6 million, and diluted EPS fell 67.00 percent to USD 0.74, largely because the prior-year period included a USD 1.05 billion divestiture gain.

Adjusted EPS beat consensus

Investing.com reported on September 23, 2026, that adjusted EPS came in at USD 0.75 versus a USD 0.72 consensus estimate, a USD 0.03 beat. Revenue reached USD 4.4 billion against a USD 4.34 billion consensus estimate, a USD 60 million difference.

That beat did not remove the margin pressure. General Mills reported adjusted operating profit of USD 634.0 million, down 11.00 percent in constant currency, while adjusted operating margin fell to 14.4 percent from 15.7 percent in the year-earlier quarter.

Guidance stays at USD 3.20

General Mills reaffirmed fiscal 2027 adjusted diluted EPS guidance of USD 3.00 to USD 3.20 and expects organic net sales between down 1.50 percent and up 0.50 percent. The company also continues to target at least USD 750 million in fiscal 2027 cost savings, according to its September 23, 2026 release.

The key tension is visible in the numbers: cost savings are intended to offset input-cost inflation and brand investment, while reported sales remain constrained by divestitures and lower volume. North America Retail sales fell 7.00 percent to USD 2.4 billion, whereas International sales rose 4.00 percent to USD 794.3 million in the quarter.

Stock remains above its yearly low

General Mills stock was last at USD 33.64 on the NYSE on September 25, 2026, at 4:00 p.m. ET, down 3.42 percent from the prior close. Its 52-week range was USD 31.75 to USD 51.26, and market capitalization stood at USD 18.0 billion.