The Investor
08 Sep 2026, 17:53
General Mills Reaffirms Fiscal 2027 Outlook as Retail Sales Trends Improve
General Mills (NYSE: GIS) reaffirmed its fiscal 2027 financial outlook, citing early signs of improving retail sales trends and positive consumer response to new product and brand initiatives.
The consumer staples company continues to expect organic net sales ranging from a 1.5% decline to 0.5% growth for the full year. Adjusted diluted earnings per share are projected between $3.00 and $3.20, while free cash flow conversion is expected to be approximately 95% of adjusted after-tax earnings.
General Mills also maintained its forecast for adjusted operating profit to decline between 8% and 13% in constant currency. The company said the outlook includes a nine-percentage-point headwind related to the extra 53rd week in fiscal 2026, normalization of corporate incentive expenses and the impact of fiscal 2026 divestitures.
CEO Jeff Harmening said the company is encouraged by early market trends but acknowledged that further work remains as General Mills seeks to return to more consistent and profitable growth.
The company is increasing investment in its brands under its Accelerate strategy, focusing on product innovation, packaging, marketing, omnichannel execution and consumer value.
Investors will get a more detailed look at recent performance when General Mills reports fiscal 2027 first-quarter results on September 23.
General Mills (NYSE: GIS) reaffirmed its fiscal 2027 financial outlook, citing early signs of improving retail sales trends and positive consumer response to new product and brand initiatives.
The consumer staples company continues to expect organic net sales ranging from a 1.5% decline to 0.5% growth for the full year. Adjusted diluted earnings per share are projected between $3.00 and $3.20, while free cash flow conversion is expected to be approximately 95% of adjusted after-tax earnings.
General Mills also maintained its forecast for adjusted operating profit to decline between 8% and 13% in constant currency. The company said the outlook includes a nine-percentage-point headwind related to the extra 53rd week in fiscal 2026, normalization of corporate incentive expenses and the impact of fiscal 2026 divestitures.
CEO Jeff Harmening said the company is encouraged by early market trends but acknowledged that further work remains as General Mills seeks to return to more consistent and profitable growth.
The company is increasing investment in its brands under its Accelerate strategy, focusing on product innovation, packaging, marketing, omnichannel execution and consumer value.
Investors will get a more detailed look at recent performance when General Mills reports fiscal 2027 first-quarter results on September 23.
