General Mills (NYSE:GIS) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Posted by Brenda Bartman on Jul 1st, 2026

General Mills (NYSE:GIS – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.13, FiscalAI reports. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. General Mills updated its FY 2027 guidance to 3.000-3.200 EPS.

Here are the key takeaways from General Mills’ conference call:

General Mills said fiscal 2026 ended in line with expectations, with fourth-quarter organic sales flat and profit and EPS up, supported by HMM savings, trade timing, and the 53rd week. Management said this leaves the company better positioned to pursue sustainable, profitable growth.
The company is guiding fiscal 2027 to be a better year, with organic net sales expected between down 1.5% and up 0.5%, and adjusted EPS of $3.00 to $3.20. Management said the plan is to drive a “step change in remarkability” through more innovation, packaging, and brand communication.
General Mills identified $3 billion in cumulative cost savings opportunities through fiscal 2030, including about $2 billion from its Holistic Margin Management program and $1 billion from transformation and other actions. It expects about $750 million of savings in fiscal 2027, with more benefit from supply chain redesign and AI-driven efficiency later.
Management highlighted improving consumer and brand trends in fiscal 2026, including a rebound in base volume, growth in household penetration, and stronger share performance in several businesses. Cheerios, Nature Valley, Annie’s, international, and foodservice were cited as areas of momentum.
The company said the consumer backdrop remains weak, with lower category volume growth, more promotion-driven buying, and pressure on everyday price mix. Totino’s in North America Retail and Wilderness in North America Pet were singled out as major drags on fiscal 2026 results and key turnaround priorities for fiscal 2027.

General Mills Price Performance

NYSE:GIS opened at $34.89 on Wednesday. General Mills has a 52-week low of $31.75 and a 52-week high of $54.18. The company has a market cap of $18.62 billion, a P/E ratio of 8.53 and a beta of -0.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The stock’s 50-day simple moving average is $34.13 and its 200 day simple moving average is $39.94.

Insider Buying and Selling

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GIS. Zions Bancorporation National Association UT lifted its stake in General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the last quarter. Binnacle Investments Inc raised its stake in General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the period. Kelleher Financial Advisors bought a new stake in General Mills in the third quarter valued at approximately $34,000. Ancora Advisors LLC lifted its position in shares of General Mills by 124.9% in the third quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock valued at $44,000 after buying an additional 486 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $52,000. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research reports. Royal Bank Of Canada cut their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. UBS Group dropped their target price on General Mills from $35.00 to $30.00 and set a “sell” rating on the stock in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Mizuho reduced their price target on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $39.06.

Check Out Our Latest Stock Analysis on GIS

General Mills News Summary

Here are the key news stories impacting General Mills this week:

Positive Sentiment: General Mills reported Q4 adjusted EPS of $0.95, well above the $0.80 consensus, with revenue of $4.61 billion also slightly ahead of estimates. The earnings beat is the main driver behind the stock’s gains. General Mills (GIS) Stock Surges 4% on Strong Q4 Earnings Beat
Positive Sentiment: The company said it is focusing on organic sales growth, cost cuts, and product expansion to win back consumers, which could support margins and stabilize results over time. General Mills Stock Rises on Earnings and Says It‘s Focusing on Organic Sales Growth
Neutral Sentiment: General Mills guided fiscal 2027 EPS to $3.00-$3.20 versus a $3.13 consensus, which suggests expectations are roughly balanced rather than a major upside surprise. General Mills earnings report and guidance
Neutral Sentiment: Investors are also watching signs that North America retail sales remain weak even as international sales improve, highlighting a mixed demand backdrop. General Mills in charts: North America Retail sales continue to fall as international grows Y/Y
Negative Sentiment: The company swung to a quarterly loss on a GAAP basis, underscoring continued pressure from cautious consumers and a challenging packaged-foods environment. General Mills Swings to Loss, Works to Win Back ‘Challenging’ Consumers

About General Mills

(Get Free Report)

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.