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A month has gone by since the last earnings report for General Mills (GIS - Free Report) . Shares have added about 1% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is General Mills due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

General Mills Q1 Earnings Beat Estimates on Pricing and Mix BenefitsGeneral Mills reported first-quarter fiscal 2027 results, wherein both top and bottom lines beat the Zacks Consensus Estimate. However, both metrics declined year over year. The company posted adjusted earnings of 75 cents per share, down 13% year over year in constant currency but above the Zacks Consensus Estimate of 72 cents. Quarterly profitability was pressured by higher input costs and lower volume, partly offset by favorable net price realization and mix.

Net sales declined 3% year over year to $4,389.5 million, but topped the consensus estimate of $4,344 million. Organic net sales were essentially flat from the prior-year period. Adjusted gross margin contracted 90 basis points to 33.3% of net sales. Higher input costs drove the decline, while favorable net price realization and mix provided a partial offset. We expected an adjusted gross margin of 33.8%.

Adjusted operating profit fell 11% in constant currency to $634 million, and adjusted operating margin declined 130 basis points to 14.4%. We expected an adjusted operating margin of 14.3% for the quarter.

Decoding GIS’ Segmental PerformanceNorth America Retail sales declined 7% year over year to $2,451.8 million, including a 4-point headwind from the U.S. yogurt divestiture. Sales fell at a double-digit rate in Big G Cereal & Canada, including the divestiture impact, declined at a mid-single-digit rate in U.S. Snacks and were flat in U.S. Meals & Baking Solutions. Organic net sales decreased 3% and trailed Nielsen-measured retail sales by about 1 point due to changes in retailer inventory. Retail sales growth improved sequentially by 2 points, while dollar-share trends strengthened across most priority categories.

North America Pet sales were essentially flat at $612.8 million. Cat food sales increased at a double-digit rate and pet treats grew at a low-single-digit rate, while dog food sales declined at a high-single-digit rate. Organic net sales were flat and exceeded all-channel retail sales growth by about 1 point, aided by an extra month of Whitebridge Pet Brands results following the alignment of its calendar with General Mills' August fiscal quarter end.

North America Foodservice sales increased 1% to $523.1 million despite a 2-point headwind from the U.S. yogurt divestiture. Organic net sales advanced 4%, led by growth in cereal and frozen meals. The segment held or gained market share across all of its priority businesses.

International sales grew 4% to $794.3 million, including a 1-point benefit from foreign currency exchange. Organic net sales also increased 4%, driven by growth in distributor markets, India and China.

GIS Reaffirms Fiscal 2027 OutlookGeneral Mills reaffirmed fiscal 2027 organic net sales growth of down 1.5% to up 0.5%. Adjusted operating profit is expected to be down 8-13% in constant currency, while adjusted earnings are projected at $3-$3.20 per share. Free cash flow conversion is expected to be approximately 95% of adjusted after-tax earnings.

The company continues to target at least $750 million of savings from Holistic Margin Management, its global transformation initiative and other cost actions. It also expects roughly 9 points of operating-profit headwind and 11 points of earnings-per-share headwind from lapping the 53rd week, normalizing incentive expense and fiscal 2026 divestitures. The net impact of divestitures, foreign exchange and the 53rd week is expected to reduce reported sales growth by about 4%.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.

VGM ScoresAt this time, General Mills has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, General Mills has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Shares of General Mills (GIS +2.64%) are down around 30% over the past year. That's way worse than the average consumer staples stock, which is up nearly 10% over the same span. Wall Street is very downbeat on General Mills right now. While no analyst cut its rating on the company after it reported fiscal first-quarter 2027 earnings, only three analysts rate it a buy.

But if history is any guide, the food maker will eventually get back on track. Here's why you may want to buy it despite Wall Street's negative view.

Image source: Getty Images.

What's wrong with General Mills?
From a big-picture perspective, General Mills is dealing with the same basic issues as every other consumer staples company. Consumer buying habits are changing, inflation is causing consumers to tighten their belts, and inflation is increasing company costs. It is a very difficult period, and General Mills has been struggling.

For example, in the first quarter of fiscal 2027, the company's sales fell 3%, and its organic sales were flat. Still, that's actually an improvement from 2026, when the company's sales fell 5%, and organic sales were off by 2%. But it wasn't enough of a change to get Wall Street analysts back on board, with Bank of America (BAC +0.50%) and Evercore ISI actually cutting their price targets.

That said, there was some good news in the quarter. For example, the company's food service and international businesses benefited from sales growth in the quarter. Meanwhile, management highlights that flat organic sales growth suggests the business is stabilizing overall. But it would be hard to argue that the company isn't still struggling. However, that's not the worst thing in the world for long-term dividend investors.

$33.43+$0.86 (+2.64%)

NYSE · As of 4:00 PM ET 10/20/26

General Mills is a survivor
The simple truth is that no company as long-established as General Mills, which traces its history back to the mid-1800s, can avoid hard times. The real question for long-term investors is: how does a company like General Mills handle hard times? The answer is by adjusting.

In fact, fiscal 2026 was a very big transition year for the food maker. It realized that its pricing was out of line with peers and consumer spending levels, and it cut prices. That was a key reason why the year was so bad, financially speaking. The truth is, despite the weak top line, General Mills' fiscal first-quarter 2027 results were stronger than it expected. In addition, the company has been working to reduce costs and modernize its brands to better meet consumer taste preferences. These are all of the things you would expect a well-run company to do.

General Mills isn't likely to go out of business anytime soon. The real risk is the dividend, noting that adjusted fiscal first-quarter 2027 earnings of $0.75 per share leads to a payout ratio of roughly 80%, given its $0.61 per share dividend. That's a little high, which is why the dividend is being held steady while the company works through this difficult period.

GIS Dividend data by YCharts

That's a dividend warning sign, but one that needs to be taken with a grain of salt. General Mills has held the dividend steady before during difficult periods and resumed increases after the trouble has passed. Right now, the company is focusing on reducing leverage and adjusting its business to the current environment. But according to management, the dividend remains a key focus. Given the history here, it is probably worth giving management the benefit of the doubt.

General Mills is paying you well to wait
The truth is, General Mills isn't going to turn its business around overnight. You should be prepared to make a long-term commitment if you buy it today. However, with a 7.3% yield, you are getting paid very well to wait. And while the payout ratio is a bit high, there is still wiggle room before a cut is likely to be on the table. The one caveat is that a new CEO will take over at the start of 2027. However, that CEO is a 27-year veteran of General Mills, so it is likely that the company's approach won't change much, and neither will its commitment to its dividend.

RESTON, Va., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Bowman Consulting Group Ltd. (NASDAQ: BWMN), a national engineering services and program management firm, announced today the acquisition of dymaptic, a provider of AI-powered custom geospatial solutions. Headquartered in Portland, Oregon, dymaptic combines geospatial expertise with AI, machine learning and custom software development to help organizations turn their location-based data into actionable intelligence.

The acquisition represents a strategic expansion of Bowman’s technology capabilities, adding AI and custom software solutions that broaden how Bowman can help clients use the growing volumes of geospatial and infrastructure data generated through surveying, aerial imaging, mapping and other project activities. By combining Bowman’s engineering and geospatial expertise with dymaptic’s geospatial AI and software development capabilities, project teams can turn that data into practical solutions that automate complex workflows, identify and extract information from imagery, connect data from multiple sources and create custom applications that make geospatial intelligence more accessible and actionable. Dymaptic’s capabilities include enterprise GIS administration and customization, automated feature extraction from aerial and satellite imagery, natural-language interfaces for GIS, development of custom web and mobile applications, and automated spatial data pipelines.

“Dymaptic adds an important technology layer to our geospatial offerings,” said Gary Bowman, CEO of Bowman. “Across the company, we collect and manage a substantial library of location-based information in support of complex infrastructure projects. The opportunity is increasingly about what we can do with that information, including how we analyze it, connect it with other data and put it to work solving client problems. By bringing software developers, AI specialists, engineers and geospatial professionals together, we can look at existing client challenges differently and develop solutions that enhance our toolkit.”

Dymaptic’s capabilities can be applied across many of the markets Bowman currently serves, including power and utilities, transportation, natural resources, state and local governments, and other infrastructure environments where large, complex datasets inform planning, design, operations and asset management. Working alongside Bowman project teams, dymaptic’s expertise can help clients automate data-intensive processes, develop tools around specific infrastructure and asset management workflows and create new ways to access and interact with project information.

“The most effective geospatial technology starts with understanding the problem a client is trying to solve,” said Mara Stoica, CEO of dymaptic. “Bringing our GIS developers and AI specialists together with Bowman engineers and geospatial professionals gives us direct insight into those challenges. That creates opportunities to build practical tools around real infrastructure workflows – from automating how data is processed and analyzed to creating applications that help clients make better use of their data.”

About Dymaptic
Dymaptic is an AI-first geospatial technology company and Esri Gold Partner, specializing in geospatial AI strategy and implementation, custom software development and enterprise GIS administration and customization. The company builds solutions that help organizations use location data to improve decision making, automate workflows and address complex operational challenges. Dymaptic serves government, energy, nonprofit, and commercial organizations both nationally and internationally. It is headquartered in Portland, Oregon, with a distributed team across the United States. For more information, visit www.dymaptic.com.

About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure, technology and asset and project management solutions to customers who own, develop and maintain the built environment. With over 2,500 employees in more than 100 locations throughout the United States, Bowman provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

General Media Contact:
Christina Nichols
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Key Takeaways GIS beat fiscal Q1 estimates with EPS of 75 cents and sales of $4.39B, despite a 13% earnings drop.
General Mills' operating margin fell 130 basis points as higher input costs pressured profitability.
GIS reaffirmed fiscal 2027 guidance, projecting an 8%-13% operating profit drop and EPS of $3-$3.20.

General Mills, Inc. (GIS - Free Report) topped first-quarter fiscal 2027 earnings and sales expectations, but the underlying picture remained mixed. Better execution helped results come in ahead of forecasts even as profit measures declined from a year earlier.

The reaffirmed full-year outlook keeps the recovery case measured. General Mills is showing progress in selected businesses, but weaker volume, input-cost pressure and uneven segment trends still limit the pace of earnings improvement.

GIS Beat Estimates Despite Lower ResultsGeneral Mills posted adjusted earnings of 75 cents per share, above the Zacks Consensus Estimate of 72 cents. Net sales of $4.39 billion also surpassed the consensus estimate of $4.34 billion.

The beats did not signal a return to growth. Adjusted earnings fell 13% in constant currency, while reported net sales declined 3% year over year. Organic net sales were essentially flat, showing that the company outperformed expectations without reversing the broader earnings pressure.

General Mills Margins Remain Under PressureAdjusted gross margin fell 90 basis points to 33.3% of net sales. Higher input costs weighed on profitability, partly offset by favorable net price realization and mix.

Adjusted operating profit declined 11% in constant currency to $634 million, while adjusted operating margin fell 130 basis points to 14.4%. The pressure resembles broader packaged-food challenges. The Campbell's Company (CPB - Free Report) reported a 190-basis-point decline in adjusted gross margin in its fiscal 2026 fourth quarter as cost inflation and supply-chain costs outweighed productivity gains.

GIS Growth Was Uneven Across SegmentsNorth America Retail organic sales fell 3% in the quarter, although retail sales trends improved sequentially and dollar-share trends strengthened across most priority categories. North America Foodservice and International each delivered 4% organic sales growth.

North America Pet organic sales were flat. Double-digit cat-food growth and low-single-digit growth in pet treats were offset by a high-single-digit decline in dog food. Mondelez International, Inc. (MDLZ - Free Report) offers a useful industry contrast, with second-quarter 2026 organic net revenues up 2.2% and adjusted gross margin up 20 basis points as pricing and productivity supported results.

General Mills Kept Its 2027 Outlook IntactManagement reaffirmed fiscal 2027 organic net sales growth of down 1.5% to up 0.5%. Adjusted operating profit is still expected to decline 8%-13% in constant currency, while adjusted earnings are projected at $3-$3.20 per share.
 

Image Source: Zacks Investment Research

The unchanged targets indicate that the first-quarter beat did not materially change the expected full-year reset. General Mills still expects comparison headwinds from the prior year's extra week, normalized incentive compensation and divested yogurt earnings, while cost savings and brand investments are intended to support improvement as the year progresses.

GIS Ratings Reflect a Mixed Post-Earnings SetupThe first-quarter report showed better execution in parts of the portfolio, but the earnings picture remains constrained by lower margins and uneven demand. That combination leaves the investment case dependent on whether current operating improvements can broaden and become durable.

GIS currently carries a Zacks Rank #3 (Hold). It also has a Value Score of B, Growth Score of D, Momentum Score of C and VGM Score of C. The scores point to better value characteristics than growth or momentum characteristics, while the Zacks Rank supports a more measured stance until earnings trends show clearer improvement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. today announced the pricing terms, expiration and results of its previously announced tender offers.

General Mills has paid dividends for 127 consecutive years and now yields over 7%, yet the stock sits near decade lows while profits shrink and debt climbs.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.

Altria Group Inc (NYSE:MO) Dividend Yield: 6.59% Barclays analyst Gaurav Jain maintained an Underweight rating and increased the price target from $63 to $64 on May 15, 2026. This analyst has an accuracy rate of 61%. B of A Securities analyst Lisa Lewandowski maintained a Buy rating and raised the price target from $72 to $73 on April 10, 2026. This analyst has an accuracy rate of 63%. Recent News: On Aug. 24, Altria Group announced a manufacturing agreement with Philip Morris to improve the efficiency of traditional tobacco product operations. Benzinga Pro’s real-time newsfeed alerted to latest MO news. Clorox Co (NYSE:CLX) Dividend Yield: 6.22% Citigroup analyst Filippo Falorni maintained a Neutral rating and cut the price target from $100 to $97 on Sept. 11, 2026. This analyst has an accuracy rate of 56%. Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and slashed the price target from $102 to $90 on Sept. 11, 2026. This analyst has an accuracy rate of 62%. Recent News: On Aug. 3, Clorox posted upbeat quarterly earnings. Benzinga Pro’s real-time newsfeed alerted to latest CLX news General Mills Inc (NYSE:GIS) Dividend Yield: 7.62% TD Cowen analyst Robert Moskow maintained a Hold rating and raised the price target from $32 to $33 on Sept. 24, 2026. This analyst has an accuracy rate of 64%. Evercore ISI Group analyst David Palmer maintained an In-Line rating and cut the price target from $39 to $38 on Sept. 14, 2026. This analyst has an accuracy rate of 50%. Recent News: On Sept. 30, General Mills named Dana McNabb as chief executive officer. Benzinga Pro’s real-time newsfeed alerted to latest GIS news Photo via Shutterstock

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General Mills on Wednesday appointed Chief Operating Officer Dana McNabb as its CEO, leaning on an insider to steer the company through a difficult environment of high inflation, low consumer spending and private labels eroding branded goods’ market share.

Consumer goods firms have been changing CEOs as boards lose patience with sluggish growth and companies battle challenges including US tariff uncertainty, elevated supply chain costs from the conflict in the Middle East and connecting with younger shoppers.

McNabb will succeed Jeff Harmening on Jan. 1, when he becomes the executive chair, after nearly a decade as CEO during which he spearheaded the Cheerios maker’s entry into the faster-growing pet-food market through its Blue Buffalo deal, reshaped its portfolio and stepped up investment in digital capabilities.

Dana McNabb willl become General Mills’ first woman CEO and one of the relatively few women leading a major US consumer-products company. General Mills McNabb “has a tall task ahead of her,” said Stephanie Link, chief investment strategist at General Mills investor Hightower Advisors.

“The goal for her is to return the company to profitable growth, build on other divestitures beyond North American yogurt to narrow the product set and focus on core brands – particularly health-focused offerings – and modernize the supply chain,” she said.

General Mills is facing higher costs, including tariff-related increases in packaging materials, while seeking price hikes to protect its under-pressure margins.

McNabb, 50, has spent 27 years at General Mills and held several senior leadership roles across general management, enterprise strategy, marketing and international operations.

She will become General Mills’ first woman CEO and one of the relatively few women leading a major US consumer-products company.

Consumer goods firms have been changing CEOs as boards lose patience with sluggish growth and companies battle challenges including US tariff uncertainty and elevated supply chain costs from the conflict in the Middle East. Bloomberg via Getty Images “Dana McNabb’s appointment looks like a credible choice to accelerate General Mills’ recovery, but investors will need evidence that the company can regain shoppers while rebuilding profitability,” said Brian Mulberry, chief market strategist at Zacks Investment Management.

“Her biggest challenge is making familiar brands worth paying for in a market where consumers remain highly selective,” he added.

Earlier this month, General Mills beat first-quarter sales and profit estimates and reaffirmed its annual forecast.

Earlier this month, General beat first-quarter sales and profit estimates and reaffirmed its annual forecast as price hikes and resilient demand for packaged food helped cushion the impact of higher input costs. Jeffrey Greenberg/Universal Images Group via Getty Images Shares of the company, which are down about 27% so far this year, dipped about 3% in afternoon trading.

MINNEAPOLIS--(BUSINESS WIRE)--General Mills announced today that Dana McNabb, current Chief Operating Officer, will succeed Jeff Harmening as Chief Executive Officer.

MarketBeat Week in Review – 09/21 - 09/25General Mills NYSE: GIS Chairman and Chief Executive Officer Jeff Harmening told shareholders at the company’s 98th annual meeting that fiscal 2026 ended with fourth-quarter results in line with expectations and improving volume trends, household penetration and innovation. He said the company is aiming for stronger sales and earnings growth in fiscal 2027 after a challenging prior year marked by slower category growth, a pressured consumer backdrop and higher costs of generating volume.

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Harmening said General Mills reduced everyday prices on roughly two-thirds of its North America retail portfolio during fiscal 2026 as consumers remained value-conscious. The company also improved share performance in North America retail, North America pet and North America foodservice, while its international business delivered strong sales and operating-profit growth, he said.

Portfolio changes and fiscal 2027 priorities The Case for Buying High-Yield General Mills Just StrengthenedThe company continued reshaping its portfolio during fiscal 2026, completing the divestiture of its U.S. yogurt business and announcing divestitures of its Brazil business, which has since closed, and its mainland China Häagen-Dazs Shops business. Harmening said the moves will concentrate General Mills on categories and geographies where it sees its strongest long-term opportunities for profitable growth.

For fiscal 2027, the company outlined three priorities:

Strengthen organic sales growth through more compelling consumer experiences. Create funding for growth through cost savings, process simplification, efficiency efforts and supply-chain redesign. Maintain disciplined capital allocation through cash generation, business reinvestment, dividend support and debt reduction. General Mills Is a 5-Star Turnaround Play for Buy and Hold InvestorsHarmening said the company’s “remarkable experiences” framework evaluates brands across product, packaging, brand communication, omnichannel execution and value. Planned innovation and renovation will focus on consumer benefits including protein and fiber, bold flavors, indulgence and more humanized pet-food offerings.

Examples cited by Harmening included Honey Nut Cheerios protein cereal, improved Häagen-Dazs Belgian chocolate ice cream, Annie’s Fiber Pals fruit snacks and Blue Buffalo Love Made Fresh dog food. He said first-quarter fiscal 2027 results, reported one week before the meeting, represented an “encouraging start” with improved top-line performance supported by product innovation and renovation.

$3 billion cost-savings target General Mills expects to generate approximately $3 billion in cost savings from fiscal 2027 through fiscal 2030 through its holistic margin management program, transformation initiative and other actions. Harmening said the company expects about $750 million of savings in fiscal 2027.

About $2 billion of the multiyear target is expected to come from holistic margin management, while the transformation initiative is expected to provide the remaining $1 billion. Harmening said the company is using digital tools in its supply chain, including AI-driven demand forecasting, manufacturing optimization and logistics scheduling. The transformation program will be focused largely on the supply chain, including capacity utilization, network design, innovation speed, packaging flexibility and e-commerce capabilities.

Addressing competition from private-label and smaller brands, Harmening said the company’s earlier pricing actions helped address value gaps and “stunted” private-label share growth. He said General Mills has increased the pace of new-product innovation by roughly 50% over the past several years and improved its market-share position in most of its top North America retail categories, as well as in foodservice and international.

Preliminary shareholder voting results General Counsel and Corporate Secretary Karen Wilson Thissen said preliminary results indicated that shareholders approved all five management proposals. Those included the election of 12 directors, an advisory vote on executive compensation, ratification of KPMG as independent auditor, officer exculpation provisions permitted under Delaware law and a federal forum provision for Securities Act claims.

Stephen W. Sanger was recognized for his board service and did not stand for re-election.

Preliminary voting also indicated that shareholder proposals concerning human-rights disclosures and pesticide-reduction disclosures did not receive majority support. However, a shareholder proposal related to blank-check preferred stock received majority support.

Matt Prescott, president and chief operating officer of The Accountability Board, said Institutional Shareholder Services and Glass Lewis had recommended support for the blank-check preferred-stock proposal. Thissen said General Mills’ board opposed the measure, arguing that its existing authority to issue cumulative preference stock had never been used for anti-takeover purposes and that restricting the authority could limit capital-structure and strategic flexibility.

The board also opposed the proposals seeking reports on the effectiveness of human-rights due diligence and regenerative-agriculture outcomes, including pesticide reduction. Thissen said the company already provides disclosures through its Global Responsibility Report and Slavery and Human Trafficking Statement, and that requiring pesticide-use tracking could add cost and complexity for farmers.

Final voting results, including votes received before the meeting’s adjournment, are expected to be reported in a Form 8-K filing with the Securities and Exchange Commission within four business days.

About General Mills (NYSE:GIS)General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company's brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in General Mills Right Now?Before you consider General Mills, you'll want to hear this.

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Please do your own due diligence and consult with your financial advisor, if you have one, before making any investment decisions. The author is not acting in an investment adviser capacity. The author's opinions expressed herein address only select aspects of potential investment in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. The author recommends that potential and existing investors conduct thorough investment research of their own, including a detailed review of the companies' SEC filings. Any opinions or estimates constitute the author's best judgment as of the date of publication and are subject to change without notice.

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Key Takeaways General Mills topped Q1 earnings and revenue estimates while North America Retail trends improved.New products rose to 5% of net sales as General Mills expanded launches by about 50% over two years.GIS reaffirmed fiscal 2027 guidance and expects at least $750 million in savings to offset inflation. General Mills, Inc. (GIS - Free Report) used its fiscal first-quarter 2027 call to emphasize improving North America retail trends, a larger innovation pipeline and disciplined execution after last year’s price investments. Adjusted EPS of $0.75 topped the Zacks Consensus Estimate of $0.72, while revenues of $4.39 billion exceeded the $4.34 billion estimate.

The key issue was whether better share trends can continue while input costs remain elevated. Executives reaffirmed the full-year outlook, with inflation, pet weakness and a pressured consumer still requiring attention.

GIS Sees Retail Share Trends ImproveChief operating officer (COO) Dana McNabb said North America Retail delivered a 2-point sequential improvement in dollar sales trends, while share performance improved in most categories.

A Barclays analyst pressed on the pace of recovery. McNabb said the fiscal second quarter should benefit as General Mills begins lapping prior base-price investments and leans more on product mix, premium innovation and price-pack architecture.

The COO highlighted narrower share declines in cereal and soup. Totino’s and fruit snacks remain focus areas, with new products, renovation and merchandising aimed at further improvement.

General Mills Pushes Innovation and DigitalMcNabb said new products have risen from 3% of net sales to 5% over two years, while the number of launches increased about 50%.

A Goldman Sachs analyst asked what was working. The COO cited Honey Nut Cheerios Protein, Blasted Totino’s Rolls, La Tiara and Love Made Fresh, with more protein-focused bars and Life Protection Formula innovation planned for the back half.

A Piper Sandler analyst also asked about AI-driven shopping. McNabb said General Mills is prioritizing product discoverability, accurate information and ease of purchase as agentic commerce develops, alongside stronger e-commerce capabilities.

GIS Keeps Inflation and Pricing in FocusChief financial officer (CFO) Kofi Bruce said fiscal first-quarter inflation was near 4%, with fiscal second quarter and third quarter expected to remain similar before moving to about 6% in fiscal fourth quarter.

A Wells Fargo analyst asked whether pricing plans were changing. COO McNabb said mix remains the preferred lever, but trade, list pricing and other strategic revenue management tools remain available as costs rise.

The CFO said Holistic Margin Management, or HMM, remains the primary defense against inflation. He expects HMM to continue running near the high end of its 4% to 5% range over time.

General Mills Works Through Pet WeaknessDana McNabb said dry dog food remains the main pressure point in pet, with Wilderness declines accelerating while Life Protection Formula tracked closer to the category.

A TD Cowen analyst asked about the high-single-digit dog food decline. McNabb said Wilderness requires a broader reset across product, packaging, marketing and communication.

Chairman and chief executive officer Jeffrey Harmening said pet humanization remains the core strategic theme. He highlighted double-digit Tiki Cat growth since acquisition, improved treats and second-half Life Protection Formula innovation, while acknowledging more work on Wilderness.

GIS Reaffirms Fiscal 2027 TargetsGeneral Mills reaffirmed fiscal 2027 guidance for organic net sales ranging from down 1.5% to up 0.5%, adjusted operating profit down 13% to down 8% in constant currency, and adjusted EPS of $3 to $3.2.

CFO Bruce and COO McNabb reiterated at least $750 million of fiscal 2027 savings from HMM, transformation and other actions, intended to offset input-cost inflation and brand investment.

The company also continues to expect the 53rd-week comparison, incentive compensation normalization and divestitures to create year-over-year profit headwinds, keeping productivity and mix central to the outlook.

General Mills Keeps the Focus on ExecutionJeffrey Harmening emphasized that better pricing alignment is only one part of the recovery plan. He pointed to renovation, innovation and marketing as the main tools for improving competitiveness through the rest of fiscal 2027.

Dana McNabb likewise focused on continued share improvement rather than declaring a full recovery. Cost inflation, stressed consumers, and category-specific fixes remain active constraints alongside the stronger product pipeline.

GIS Zacks Rank and Style ScoresGIS carries a Zacks Rank #3 (Hold), with a Value Score of B, Growth Score of A, Momentum Score of F and VGM Score of B. In the Zacks Style Score framework, the Value, Growth and VGM readings are favorable, while Momentum is the weakest style signal.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Style Scores are designed to complement the Zacks Rank over the same short-term horizon, with A and B representing stronger grades. The Zacks Rank can change as earnings estimates are revised following the just-reported results.

General Mills (GIS) saw a slight decline in its stock price despite exceeding EPS expectations and reaffirming its FY27 outlook in its Q1 report for August. The

Key Takeaways General Mills beat Q1 estimates, though net sales fell 3% and adjusted EPS declined 13% in constant currency.Pricing and mix partly offset higher input costs and lower volume, but adjusted GM fell 90 bps to 33.3%.General Mills kept fiscal 2027 guidance for $3-$3.20 EPS and organic sales down 1.5% to up 0.5%. General Mills, Inc. (GIS - Free Report) reported first-quarter fiscal 2027 results, wherein both top and bottom lines beat the Zacks Consensus Estimate. However, both metrics declined year over year.

 The company posted adjusted earnings of 75 cents per share, down 13% year over year in constant currency but above the Zacks Consensus Estimate of 72 cents. Quarterly profitability was pressured by higher input costs and lower volume, partly offset by favorable net price realization and mix.

Net sales declined 3% year over year to $4,389.5 million, but topped the consensus estimate of $4,344 million. Organic net sales were essentially flat from the prior-year period.

GIS’ Quarterly Margin PerformanceAdjusted gross margin contracted 90 basis points to 33.3% of net sales. Higher input costs drove the decline, while favorable net price realization and mix provided a partial offset. We expected an adjusted gross margin of 33.8%.

Adjusted operating profit fell 11% in constant currency to $634 million, and adjusted operating margin declined 130 basis points to 14.4%. We expected an adjusted operating margin of 14.3% for the quarter.

Decoding GIS’ Segmental PerformanceNorth America Retail sales declined 7% year over year to $2,451.8 million, including a 4-point headwind from the U.S. yogurt divestiture. Sales fell at a double-digit rate in Big G Cereal & Canada, including the divestiture impact, declined at a mid-single-digit rate in U.S. Snacks and were flat in U.S. Meals & Baking Solutions. Organic net sales decreased 3% and trailed Nielsen-measured retail sales by about 1 point due to changes in retailer inventory. Retail sales growth improved sequentially by 2 points, while dollar-share trends strengthened across most priority categories.

Segment operating profit fell 15% to $478.6 million, both as reported and in constant currency. Lower volume and higher input costs weighed on profitability, partly offset by favorable net price realization and mix, as well as lower SG&A expenses.

North America Pet sales were essentially flat at $612.8 million. Cat food sales increased at a double-digit rate and pet treats grew at a low-single-digit rate, while dog food sales declined at a high-single-digit rate. Organic net sales were flat and exceeded all-channel retail sales growth by about 1 point, aided by an extra month of Whitebridge Pet Brands results following the alignment of its calendar with General Mills' August fiscal quarter end.

Retailer inventory changes remained a modest headwind. General Mills continues to expect retailer inventory, including changes in customer mix, to create a low-single-digit drag on full-year organic net sales for the Pet segment. Operating profit declined 12% to $99.5 million, reflecting higher input costs, lower volume and increased SG&A expenses, partly offset by favorable pricing and mix.

North America Foodservice sales increased 1% to $523.1 million despite a 2-point headwind from the U.S. yogurt divestiture. Organic net sales advanced 4%, led by growth in cereal and frozen meals. The segment held or gained market share across all of its priority businesses.

Foodservice operating profit rose 12% to $79.4 million, supported by favorable net price realization and mix, partially offset by higher input costs.

International sales grew 4% to $794.3 million, including a 1-point benefit from foreign currency exchange. Organic net sales also increased 4%, driven by growth in distributor markets, India and China.

International operating profit increased 14% to $75.2 million, or 15% in constant currency. Higher volume and lower input costs supported the improvement, partly offset by unfavorable pricing and mix and a double-digit increase in media investment.

GIS’ Financial Health Snapshot & Other DevelopmentsThe company ended the quarter with $433.1 million in cash and cash equivalents, $12,367.2 million in long-term debt and $7,450.4 million in stockholders' equity.

Cash provided by operating activities totaled $297.8 million, down from $397 million a year earlier. Capital investments were $90.5 million, compared with $109.5 million in the prior-year quarter.

General Mills paid $330.5 million in dividends and did not repurchase shares.

GIS Reaffirms Fiscal 2027 OutlookGeneral Mills reaffirmed fiscal 2027 organic net sales growth of down 1.5% to up 0.5%. Adjusted operating profit is expected to be down 8-13% in constant currency, while adjusted earnings are projected at $3-$3.20 per share. Free cash flow conversion is expected to be approximately 95% of adjusted after-tax earnings.

The company continues to target at least $750 million of savings from Holistic Margin Management, its global transformation initiative and other cost actions. It also expects roughly 9 points of operating-profit headwind and 11 points of earnings-per-share headwind from lapping the 53rd week, normalizing incentive expense and fiscal 2026 divestitures. The net impact of divestitures, foreign exchange and the 53rd week is expected to reduce reported sales growth by about 4%.

This Zacks Rank #3 (Hold) company’s shares have gained 1.8% in the past three months compared with the industry’s growth of 0.9%.

Image Source: Zacks Investment Research

Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago reported figures. Chefs' Warehouse delivered a trailing four-quarter earnings surprise of 30.4%, on average.

Luckin Coffee Inc. (LKNCY - Free Report) offers retail services of freshly brewed drinks and pre-made food and beverage items in the People's Republic of China. The company currently sports a Zacks Rank of 1. LKNCY delivered a trailing four-quarter earnings surprise of 6.6%, on average.

The Zacks Consensus Estimate for Luckin Coffee’s current financial-year sales and earnings indicates growth of 33.3% and 40.8%, respectively, from the prior-year reported levels.

Utz Brands (UTZ - Free Report) engages in the manufacture, marketing and distribution of snack foods in the United States and presently carries a Zacks Rank of 2 (Buy). UTZ delivered a trailing four-quarter earnings surprise of 1.8%, on average.

The Zacks Consensus Estimate for Utz Brands’ current financial-year sales indicates growth of 3.7% from the year-ago numbers.

U.S. stocks traded lower this morning, with the Dow Jones index dropping around 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.19% to 51,764.17 while the NASDAQ dipped 0.29% to 27,164.38. The S&P 500 also fell, dropping, 0.15% to 7,752.70.

Leading and Lagging Sectors

Energy shares jumped by 0.9% on Wednesday.

In trading on Wednesday, utilities stocks fell by 1%.

Top Headline

General Mills Inc (NYSE:GIS) reported better-than-expected earnings for the first quarter on Wednesday.

The company posted quarterly earnings of 75 cents per share which beat the analyst consensus estimate of 72 cents per share. The company reported quarterly sales of $4.390 billion which beat the analyst consensus estimate of $4.351 billion.

Equities Trading UP
           

Beneficient (NASDAQ:BENF) shares shot up 407% to $2.73 after the company announced a strategy to eliminate HCLP debt and Heppner Equity Interests. Shares of Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) got a boost, surging 237% to $6.30. Wheeler Real Estate Investment Trust recently announced a 1-for-9 reverse stock split. Professional Diversity Network Inc (NASDAQ:IPDN) shares were also up, gaining 67% to $6.53. Equities Trading DOWN

Jaguar Health Inc (NASDAQ:JAGX) shares dropped 51% to $16.93. Jaguar Health shares jumped over 1,190% on Tuesday after the company announced that the FDA granted the Napo Pharmaceutical’s request for a fee waiver associated with the Prescription Drug User Fee Act for Mytesi. Shares of Adagio Medical Holdings Inc (NASDAQ:ADGM) were down 38% to $0.30. Adagio Medical’s board completed a strategic review and has initiated a formal process to explore alternatives to maximize shareholder value. IM Cannabis Corp (NASDAQ:IMCC) was down, falling 34% to $2.73.IM Cannabis announced a $1.31 million registered direct offering of 655,000 common shares at a price of $2/share. The company also announced it will acquire a 51% stake in Space Defense Innovations. Commodities

In commodity news, oil traded up 0.8% to $91.20 while gold traded down 0.9% at $4,338.90.

Silver traded down 1.6% to $65.480 on Wednesday, while copper fell 0.7% to $6.7860.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 slipped 0.2%, while Spain’s IBEX 35 Index fell 0.2%, London’s FTSE 100 slipped 0.1%, Germany’s DAX dipped 0.5%, while France’s CAC 40 declined 0.3%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Hong Kong’s Hang Seng index dipping 1.01%, China’s Shanghai Composite falling 0.39% and India’s BSE Sensex gaining 0.40%.

Economics

The volume of mortgage applications declined by 1.5% in the third week of September, compared to a 4.1% drop in the previous period.

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Both Hormel and General Mills paid out more in dividends than they earned last year, but that shared screener flag tells a completely different story at each company. One dividend sits on solid footing while the other is quietly running…

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Hormel Foods (NYSE:HRL | HRL Price Prediction) and General Mills (NYSE:GIS) are both long-tenured packaged-food dividend payers, and in each company’s most recently completed fiscal year, dividends paid to shareholders exceeded reported net income. That shared headline looks alarming on a screener, but it means something very different at each company.

Hormel’s Cash Cushion Is Getting Thin For fiscal 2025, ended October 31, 2025, Hormel generated $845.3 million of operating cash flow, spent $310.9 million on capex, and paid $633.2 million in dividends against net income of $478.2 million. After capex and dividends, almost nothing remains. The fiscal fourth quarter posted a net loss of $56.2 million. In the quarter ended July 31, 2026, dividends of $161 million far exceeded the quarter’s $59.5 million net income. The latest raise moved the quarterly payout from $0.29 to $0.2925, a token bump defending a 60-year streak rather than sharing growth. Shares trade near $20.13, down 17.6% over the past year.

General Mills Took an Earnings Hit, Not a Cash Hit General Mills reported a fiscal 2026 loss that looks worse in headline terms. For the year ended May 31, 2026, net income was −$85.3 million, but operating cash flow was $2.166 billion against capex of $539.9 million and dividends of $1.315 billion. The payout was comfortably funded out of cash. The loss, concentrated in the fiscal fourth quarter (net loss of −$2.007 billion), reflected $2.8 billion in non-cash charges, including $1.75 billion of goodwill and intangible impairments largely tied to the North America Pet segment and a $1.032 billion non-cash valuation loss on the planned Brazil divestiture. Non-cash means no dollars left the building. The 127th consecutive year of uninterrupted payments continues, with shares recently at $35.70.

When a Payout Ratio Above 100% Still Passes the Cash Test Reported net income includes impairments and valuation losses that never touch the checking account. Cash funds the dividend from operating cash flow after capex, and coverage is what matters. A payout ratio above 100% is a prompt to open the cash flow statement.

Coverage at a Glance Metric (most recent fiscal year) HRL (FY ended Oct 31, 2025) GIS (FY ended May 31, 2026) Operating cash flow $845.3M $2,166M Capital expenditures $310.9M $539.9M Dividends paid $633.2M $1,315.3M Net income $478.2M −$85.3M For Hormel, watch whether operating cash flow recovers enough to clear capex plus the dividend with room to spare. For General Mills, monitor whether strong cash generation holds and whether the fourth-quarter loss proves to be a one-off tied to non-cash marks rather than a trend.

Which Dividend Actually Has a Cash Problem Hormel has a cash-level problem. General Mills’ loss was an accounting event; operating cash comfortably funded the payout. Hormel’s earnings dropped, its cushion narrowed to almost nothing, and the raise shrank to a fraction of a cent. That is where improvement is needed before confidence returns. (A shrinking cushion behind a token raise is one of the seven warning signs we cataloged in a free dividend trap guide.)

Contact [email protected] for any questions or corrections.

23.9.2026 17:34

Index Dow Jones -0,34 % na 51686,38 b. S&P 500 -0,51 % na 7725,14 b. Nasdaq Composite -0,91 % na 26995,47 b.

Ve středeční seanci americké indexy korigují předchozí růst a to v situaci, kdy trhu chybí zatím výraznější impulzy. Investoři v průběhu tohoto týdne vstřebávali zprávy o novém agentovi s umělou inteligencí od společnosti Meta Platforms a zároveň sledovali případná jednání mezi USA a Íránem na okraj Valného shromáždění OSN. Velká část pozornosti trhů se však přesunula od Blízkého východu zpět k umělé inteligenci (AI), konkrétně k prudce rostoucí poptávce spotřebitelů po novém AI agentovi společnosti Meta Platforms s názvem Muse. Rychlý nárůst počtu stažení této aplikace podnítil prudký růst akcií firem vyrábějících čipy, na nichž tato technologie stojí, a zároveň posunul index Nasdaq Composite na nová rekordní maxima. Příchod Muse však také znovu oživil obavy z počátku roku 2026 ohledně možného narušení odvětví finančních služeb. Muse navázala spolupráci se společnostmi, jako jsou PayPal a fintechová platforma Plaid, s cílem posílit svou přítomnost v oblastech, jako jsou platby a finanční plánování. Pozornost investorů se bude směrovat na čtvrtek, kdy americký prezident Trump se setká s čínským prezidentem  Si Ťin-pchingem, kde umělá inteligence bude jedním z mnoha témat, která má Trump v plánu probrat se Si Ťin-pchingem během státní návštěvy čínského prezidenta ve Washingtonu, jež se uskuteční tento týden. Zůstává však nejisté, zda bude některý z lídrů ochoten ustoupit v otázce AI – technologie, v jejímž využívání spolu USA a Čína soupeří. Dalším klíčovým tématem bude obchod. Podle deníku The Wall Street Journal chce Bílý dům znovu potvrdit závazek Pekingu dodržovat příměří v celní válce, na němž se obě strany dohodly během Trumpovy návštěvy u Si Ťin-pchinga v Pekingu začátkem tohoto roku. Tato dohoda, jejíž platnost vyprší v listopadu, zabránila obnovení vzájemné obchodní války mezi dvěma největšími ekonomikami světa.

V centru zájmu investorů je také ropa a podle dnešního reportu EIA zásoby surové ropy ke dni 16.9. vzrostly o 2,969 mil. barelů, když trh předpokládal naopak pokles o 0,690 mil. barelů. Po předchozí korekci a ústupu ceny WTI z úrovně nad 100 USD/barel lehká ropa WTI posiluje o více než 1,6% a dostává se k úrovni 91,9 USD/barel. Tato situace je dnes příznivě nakloněna akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM )se posouvají výš o cca 1,8% a také akcie Marathonu Petroleum ( MPC ) jsou na tom podobně se ziskem cca 1,7%. Velmi dobře si dnes vedou také akcie brazilského těžaře Petrobrasu ( PBR ), jež se posunují výš o více než 2,8% a také akcie britské skupiny BP  ( BP ) posilují o více než 2,9% a též akcie Occidentalu Petroleum ( OXY ) na své tržní ceně přidávají cca 1,8%. Za zmínku stojí také akcie amerického výrobce a dodavatele těžní techniky Chevronu ( CVX ), kde akcie rostou o více než 1,6% a také akcie jeho amerického konkurenta Halliburtonu ( HAL ) obchodují se ziskem 0,5% a též akcie francouzského Schlumbergeru ( SLB ) přidávají na tržní ceně více než 0,5%.

Za zmínku stojí potravinářská společnost General Mills ( GIS ), která reportovala výsledky hospodaření za rok 2027 a to za první kvartál fiskálního roku 2027, který skončil 30. srpna 2026. Tržby i očištěný zisk na akcii za kvartál nepatrně překonaly odhady analytiků, přičemž organické tržby zůstaly meziročně beze změny při očekávání poklesu o 1,79 %. Společnost zároveň potvrdila celoroční výhled pro fiskální rok 2027. Bohužel provozní zisk ve výši 634 mil. USD klesl meziročně o 63 %, a to především kvůli zisku ve výši 1 mld. USD z odprodeje jogurtového byznysu před rokem. Očištěný provozní zisk dosáhl 634 mil. USD a při konstantních měnových kurzech se snížil o 11 %. Očištěná provozní marže klesla o 130 bazických bodů na 14,4 %. Společnost potvrdila celoroční výhled pro fiskální rok 2027, ale někteří investoři čekali zřejmě více a tak akcie General Mills ( GIS ) dnes ztrácí na tržní ceně -2%.

Dnes se nedaří žlutému kovu, který ztrácí cca -1,5% a zlato se tak dostává k úrovni 4 316 USD/Troy. unci. Zlatu dnes nepomáhá dolar, který na páru s eurem přidává cca 0,5% tj. 1,1396 USD/EUR. Tato situace příliš nevyhovuje akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) oslabují o více než -3,2% a také akcie jeho amerického konkurenta Newmontu ( NEM ) dnes ztrácí  více než -3,7% a také akcie známého těžaře Eldorado Gold ( EGO ) si odepisují z tržní ceny -4,5%.

Z indexu S&P 500 se daří akciím amerického výrobce vakcín Moderna ( MRNA ) 3,5%, kde společnost již v pondělí oznámila, že v říjnu představí data  ke své personalizované vakcíně proti rakovině. Naopak se nedaří akciím Paychex ( PAYX )  -7,2% , poskytující mzdové a HR služby pro malé a střední firmy,  a a to po reportu výsledků za 1Q FY 2027.

Index S&P 500 -0,51 % na 7725,14 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +1,4 % Utility -1,5 % Průmysl +0,4 % Zbytná spotřeba -1,4 % Finanční sektor +0,1 % Komunikační služby -1,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna APA Corp (APA) +3,5 % Expedia Group (EXPE) -7,9 % Crowdstrike Holdings (CRWD) +3,3 % Paychex (PAYX) -7,2 % Veeva Systems (VEEV) +3,2 % AppLovin Corp (APP) -5,7 % Palantir Technologies (PLTR) +3,2 % Airbnb (ABNB) -5,4 % Palo Alto Networks (PANW) +3,2 % McDonald's Corp (MCD) -5,1 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today reported results for its first quarter ended August 30, 2026. “We are off to an encouraging start in fiscal 2027, driving improved topline performance with stronger product innovation and renovation focused on the benefits consumers are looking for today,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “We are also executing with discipline in a volatile environment, including delivering industry-leadin.

The maker of Cheerios and Annie's macaroni and cheese saw fiscal first-quarter profit fall to $397 million, or 74 cents a share, from $1.2 billion, or $2.22 a share, a year ago.

General Mills NYSE: GIS said its fiscal 2027 first-quarter results came in ahead of its expectations as improved retail trends and early cost-savings progress helped offset continued input-cost pressure. The company reaffirmed its full-year outlook, while emphasizing innovation, supply-chain transformation and debt reduction as key priorities.

23.9.2026 15:08, GIS

Potravinářská společnost General Mills reportovala výsledky hospodaření za první kvartál fiskálního roku 2027, který skončil 30. srpna 2026. Tržby i očištěný zisk na akcii za kvartál nepatrně překonaly odhady analytiků, přičemž organické tržby zůstaly meziročně beze změny při očekávání poklesu o 1,79 %. Společnost zároveň potvrdila celoroční výhled pro fiskální rok 2027.

Výsledky společnosti General Mills (GIS) za 1Q FY 2027   1Q FY 2027 Konsensus 1Q 2027 1Q FY 2026 Tržby (mld. USD) 4,39 4,35 4,52 Čistý zisk (mld. USD) 0,40 -- 1,20 Očištěný zisk na akcii (EPS, USD/akcie) 0,75 0,72 0,86 Výsledky 1Q Tržby meziročně klesly o 2,8 % na 4,39 mld. USD, přičemž 3 p. b. připadají na negativní dopad akvizic a divestic, zejména odprodeje jogurtového byznysu v USA. Organické tržby zůstaly meziročně beze změny, což je lepší než očekávání analytiků (-1,79 %).

Organický objem prodejů klesl o 1 p. b., přičemž trh očekával pokles o 2,67 p. b.

V segmentu maloobchodu v Severní Americe organické tržby klesly o 3 % při odhadech -3,3 %, v segmentu stravovacích služeb v Severní Americe vzrostly o 4 %, přičemž odhad byl +0,58 %. V mezinárodním segmentu rovněž vzrostly o 4 % při konsensu +2,29 %. Organické tržby segmentu krmiv pro zvířata v Severní Americe zůstaly beze změny.

Očištěná hrubá marže klesla o 90 bazických bodů na 33,3 % při očekávání 33 %.

Provozní zisk ve výši 634 mil. USD klesl meziročně o 63 %, a to především kvůli zisku ve výši 1 mld. USD z odprodeje jogurtového byznysu před rokem. Očištěný provozní zisk dosáhl 634 mil. USD a při konstantních měnových kurzech se snížil o 11 %. Očištěná provozní marže klesla o 130 bazických bodů na 14,4 %.

Společnost 2. září 2026, tedy po skončení prvního kvartálu, dokončila odprodej svého byznysu v Brazílii.

Výhled na rok 2027 Firma potvrdila celoroční výhled pro fiskální rok 2027. Očekává, že růst kategorií bude odpovídat nedávným trendům a zůstane pod dlouhodobým historickým tempem kvůli přetrvávajícímu náročnému prostředí na straně spotřebitelů.

Vývoj organických tržeb v rozmezí -1,5 % až +0,5 %, přičemž odhad byl -0,47 %. Pokles očištěného provozního zisku při konstantních měnových kurzech o 8 až 13 %. Očištěný zisk na akcii v rozmezí 3,00 až 3,20 USD. Konverze volného hotovostního toku kolem 95 % očištěného zisku po zdanění. Návrat kapitálu akcionářům Společnost v prvním kvartálu fiskálního roku 2027 vyplatila na dividendách celkem 330 mil. USD. Zpětné odkupy vlastních akcií v kvartálu firma neprováděla, zatímco o rok dříve odkoupila akcie v objemu 500 mil. USD.

Komentář CEO „Do fiskálního roku 2027 jsme vstoupili povzbudivě. Tržby se zlepšují díky silnějším produktovým inovacím a vylepšením zaměřeným na přínosy, které spotřebitelé dnes hledají. V nestabilním prostředí zároveň postupujeme disciplinovaně, včetně dosahování nejlepších úspor nákladů v odvětví díky programu Holistic Margin Management a naší globální transformační iniciativě. Na základě našeho pokroku a probíhajících kroků jsme i nadále přesvědčeni, že dokážeme splnit náš výhled na fiskální rok 2027,“ uvedl generální ředitel Jeff Harmening.

Akcie General Mills Akcie společnosti General Mills (GIS) zaznamenávají v předburzovní fázi obchodování růst o 0,48 % na 35,62 USD.

Zdroj: General Mills, Bloomberg

Michal Bárta, Fio banka, a.s.

Key Takeaways GIS' innovation and renovation efforts are likely to support brand relevance and consumer engagement.Premium offerings across key brands are intended to support positive price/mix and enter new growth spaces. General Mills' pet brands may benefit from higher investment, innovation and broader distribution. General Mills, Inc. (GIS - Free Report) is likely to witness a top-and bottom-line decline when it reports first-quarter fiscal 2027 earnings on Sept. 8. The Zacks Consensus Estimate for revenues is pegged at $4.3 billion, indicating a decrease of 3.8% from the year-ago reported number.

The consensus mark for earnings has remained unchanged over the past 30 days at 72 cents a share, which suggests a decline of 16.3% from the figure recorded in the year-ago period. GIS has a trailing four-quarter surprise of 4.1%, on average.

Factors Likely to Influence GIS’ Upcoming ResultsGeneral Mills’ fiscal first-quarter performance is likely to have benefited from its sharper focus on product innovation and renovation following the completion of its base-price investment actions. Management has prioritized offerings tied to consumer demand spaces such as protein, fiber, bold flavors, indulgence and pet humanization. These initiatives, along with refreshed packaging and brand communications, are likely to have helped improve brand relevance and supported consumer engagement.

Within North America Retail, innovation across key brands such as Cheerios, Nature Valley, Annie’s and Old El Paso is likely to have supported performance. The company is also expanding distribution for La Tiara and Ghost while launching Wanchai Ferry frozen dumplings in club stores during the summer. On its last earnings call, management noted that these premium offerings are intended to support positive price/mix as the business enters new growth spaces.

North America Pet is likely to have benefited from continued momentum in Tastefuls and Tiki Cat, supported by higher brand investment, innovation and broader distribution. Efforts to strengthen Blue Buffalo’s Life Protection Formula and improve Love Made Fresh availability are also likely to have helped. On the margin front, HMM productivity, Strategic Revenue Management, premium innovation and price-pack architecture may have provided some support, although cost savings were expected to build gradually through the year.

However, a still-pressured consumer environment and subdued category growth are likely to have weighed on volumes. Management specifically indicated that first-quarter results are expected to fall below full-year guidance ranges, reflecting shipment-timing headwinds in North America Retail and North America Pet, as well as the timing of cost-savings realization.

In Pet, customer inventory management and an unfavorable customer mix are also expected to cause organic sales growth to lag retail sales growth in the quarter. Our model suggests organic sales declines of 4% and 4.8% for the North America Retail and North America Pet segments, respectively, in the first quarter.

Earnings Whispers for GISOur proven model predicts an earnings beat for General Mills this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.

 General Mills currently carries a Zacks Rank #3 and has an Earnings ESP of +1.47%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks With the Favorable CombinationHere are some other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings this reporting cycle.

Colgate-Palmolive Company (CL - Free Report) currently has an Earnings ESP of +1.94% and a Zacks Rank of 3. The Zacks Consensus Estimate for its upcoming quarter’s revenues is pegged at $5.3 billion, indicating an approximately 4% rise from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.

The consensus estimate for Colgate-Palmolive’s earnings is pegged at 92 cents per share, implying 1.1% growth from the year-ago quarter. CL delivered a trailing four-quarter earnings surprise of 3.2%, on average.

Philip Morris International Inc. (PM - Free Report) currently has an Earnings ESP of +3.41% and a Zacks Rank of 3. The consensus estimate for the quarterly revenues is pinned at $11.3 billion, which suggests 4.3% growth from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for Philip Morris’ upcoming quarter’s EPS is pegged at $2.26, which calls for a 0.9% increase from the year-ago period figure. PM delivered a trailing four-quarter earnings surprise of 6%, on average.

The Coca-Cola Company (KO - Free Report) currently has an Earnings ESP of +0.57% and a Zacks Rank #3. The consensus estimate for quarterly revenues is pegged at $12.9 billion, which indicates an improvement of about 4% from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for Coca-Cola’s upcoming quarter’s EPS is pegged at 87 cents, which calls for 6.1% growth from the figure reported in the prior-year quarter. KO delivered a trailing four-quarter earnings surprise of 4.6%, on average.

The upcoming report from General Mills (GIS - Free Report) is expected to reveal quarterly earnings of $0.72 per share, indicating a decline of 16.3% compared to the year-ago period. Analysts forecast revenues of $4.33 billion, representing a decline of 4.3% year over year.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Bearing this in mind, let's now explore the average estimates of specific General Mills metrics that are commonly monitored and projected by Wall Street analysts.

Analysts predict that the 'Net Sales- North America Foodservice' will reach $499.00 million. The estimate indicates a year-over-year change of -3.4%.

According to the collective judgment of analysts, 'Net Sales- International' should come in at $779.36 million. The estimate points to a change of +2.5% from the year-ago quarter.

It is projected by analysts that the 'Net Sales- North America Pet' will reach $593.43 million. The estimate indicates a year-over-year change of -2.7%.

Analysts' assessment points toward 'Net Sales- North America Retail' reaching $2.45 billion. The estimate suggests a change of -6.7% year over year.

Analysts expect 'Operating Profit- North America Retail' to come in at $499.06 million. Compared to the present estimate, the company reported $564.20 million in the same quarter last year.

Analysts forecast 'Operating Profit- International' to reach $54.83 million. Compared to the present estimate, the company reported $65.70 million in the same quarter last year.

The consensus among analysts is that 'Operating Profit- North America Pet' will reach $106.62 million. Compared to the present estimate, the company reported $112.90 million in the same quarter last year.

The average prediction of analysts places 'Operating Profit- North America Foodservice' at $66.30 million. Compared to the current estimate, the company reported $70.60 million in the same quarter of the previous year.

View all Key Company Metrics for General Mills here>>>

General Mills shares have witnessed a change of -7.5% in the past month, in contrast to the Zacks S&P 500 composite's -1.3% move. With a Zacks Rank #3 (Hold), GIS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

The market expects General Mills (GIS - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended August 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on September 23, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis maker of Cheerios cereal, Yoplait yogurt and other packaged foods is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -16.3%.

Revenues are expected to be $4.33 billion, down 4.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.35% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for General Mills?For General Mills, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.32%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that General Mills will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that General Mills would post earnings of $0.82 per share when it actually produced earnings of $0.95, delivering a surprise of +15.85%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

General Mills appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

MINNEAPOLIS--(BUSINESS WIRE)--General Mills has been named to 3BL's 2026 100 Best Corporate Citizens list for the 18th consecutive year, ranking No. 5 in the Consumer Staples category. General Mills' strongest year-over-year gains were in Environment, Stakeholders and Society, Human Rights, and Governance. These gains were driven by measurable progress in key areas, including scaling regenerative agriculture practices to more than 800,000 acres, reducing greenhouse gas emissions across the valu.