General Mills stock reports fiscal 2027 sales decline
Published on 09/30/2026 at 09:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
General Mills (ISIN US3703391032) reported fiscal 2027 first-quarter net sales of USD 4.39 billion for the period ended August 30, 2026, down 3.00 percent year over year. General Mills also reaffirmed its full-year outlook on September 23, 2026.
Sales fall as divestitures weigh
The reported decline mainly reflected the U.S. yogurt divestiture, while organic net sales were flat. Adjusted operating profit reached USD 634.0 million, down 11.00 percent in constant currency, and adjusted diluted EPS was USD 0.75, down 13.00 percent in constant currency.
The quarter shows why the headline earnings beat did not remove the operating pressure. Adjusted gross margin fell 90 basis points to 33.30 percent, as higher input costs offset favorable pricing and mix, according to Yahoo Finance on September 26, 2026.
EPS beats consensus by USD 0.03
Adjusted EPS of USD 0.75 exceeded the USD 0.72 consensus by USD 0.03, while revenue of USD 4.39 billion topped the USD 4.35 billion estimate. The company expects fiscal 2027 organic net sales between minus 1.50 percent and plus 0.50 percent, adjusted operating profit down 8.00 percent to down 13.00 percent, and adjusted EPS of USD 3.00-3.20 per share.
General Mills also expects at least USD 750.0 million in fiscal 2027 savings from productivity and transformation programs. That target is important because management expects cost savings to offset input cost inflation and brand investments, keeping the outlook intact despite weaker reported sales.
Analysts set targets near USD 35
MarketBeat reported on September 30, 2026, that analysts had a consensus Reduce rating and an average 1-year target of USD 36.59. Deutsche Bank maintained Hold and raised its target from USD 33.00 to USD 34.00 in a September 24, 2026 research note, while the same review listed ten Hold, six Sell, and four Buy ratings.
The analyst split reflects a narrow recovery case: better Pet and Foodservice trends support the valuation, while margin pressure and declining North America Retail sales remain material constraints. General Mills reported North America Retail sales of USD 2.45 billion, down 7.00 percent, against International sales of USD 794.3 million, up 4.00 percent, in fiscal 2027 first quarter.
Market value and yearly range
General Mills had a market capitalization of USD 18.1 billion as of September 29, 2026. Its 52-week range was USD 31.75-51.26 on that date, placing the lower end of the yearly range USD 19.51 below the upper end and underscoring the stock's wide trading history.
General Mills stock facts
- Company: General Mills, Inc.
- ISIN: US3703391032
- Ticker: GIS
- Primary exchange: NYSE
- Market capitalization: USD 18.1 billion (as of September 29, 2026)
- 52-week range: USD 31.75-51.26 (as of September 29, 2026)
- Sector / Industry: Consumer Defensive / Packaged Foods
