General Mills Inc NYSE:GIS Price, Chart, News & Insight

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.

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The Investor 09-08-26

General Mills Completes Sale of Brazil Business as Portfolio Reshaping Continues

General Mills (NYSE: GIS) has completed the sale of its Brazil business to 3corações, continuing the food giant’s strategy of concentrating resources on brands and businesses offering stronger opportunities for profitable growth.

The divestiture includes a portfolio of established Brazilian brands, including Yoki and Kitano, as well as General Mills’ supply chain facilities in Pouso Alegre and Campo Novo do Parecis. The company did not disclose the financial terms of the transaction.

The sale represents another step in a broad transformation of General Mills’ portfolio. Since fiscal 2018, the company has turned over approximately one-third of its net sales base through a combination of acquisitions and divestitures, shifting capital toward businesses it considers better positioned for sustainable growth and stronger returns.

The transaction also reduces General Mills’ direct exposure to Brazil while allowing management to focus resources on its core global brands and higher-priority platforms. Its portfolio includes Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury and Betty Crocker, among others.

General Mills generated approximately $18 billion in net sales during fiscal 2026, while its share of sales from non-consolidated joint ventures totaled another $1 billion.

The Brazil disposal fits into General Mills’ broader portfolio-management strategy rather than representing a major change in the company’s overall scale. With roughly one-third of its sales base reshaped since 2018, acquisitions and divestitures have become an important tool for management as it seeks to improve the company’s growth profile and concentrate investment behind its strongest brands and categories.

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European Investor 09-03-26

General Mills (GIS) Stock Jumps 9% After Earnings Meet Expectations and Company Unveils Long-Term Growth Plan

General Mills (NYSE: GIS) shares surged approximately 8.7% on Wednesday after the food manufacturer reported fiscal fourth-quarter 2026 results in line with expectations and unveiled a long-term strategy aimed at restoring profitable growth through increased innovation and significant cost savings.

While the company reported a GAAP net loss due to large non-cash impairment charges, investors focused on stronger adjusted earnings, improving profitability, and an optimistic outlook for fiscal 2027.

# Adjusted Results Show Improving Momentum

General Mills reported fourth-quarter net sales of $4.6 billion, up 1% year over year, while organic net sales were flat.

Adjusted operating profit increased 13% in constant currency to $705 million, and adjusted diluted earnings per share rose 27% to $0.95. The improvement was driven by favorable pricing, product mix, and stronger operating execution.

Although the company posted a GAAP operating loss of $2.1 billion, this primarily reflected $1.8 billion of non-cash goodwill and brand impairment charges and a $1.0 billion valuation loss related to the planned divestiture of its Brazil business.

# Company Targets $3 Billion in Cost Savings

Management announced an ambitious plan to generate $3 billion in cumulative cost savings by fiscal 2030, with approximately $750 million expected in fiscal 2027 alone.

The company also plans to accelerate investment in product innovation, brand renovation, and marketing as it works to restore organic sales growth following a challenging fiscal 2026.

CEO Jeff Harmening said General Mills has completed its pricing investments and is now focused on improving brand competitiveness while increasing operational efficiency.

# Why GIS Stock Is Rising Today

Investors welcomed several positive developments from the earnings report:

* Fourth-quarter adjusted results met company expectations.
* Adjusted EPS increased 27% year over year.
* Adjusted operating profit rose 13%.
* Management introduced a $3 billion long-term cost savings program.
* The company outlined plans to improve organic growth through increased innovation and stronger brand investment.

Despite reporting large GAAP losses driven by non-cash accounting charges, investors appeared encouraged by General Mills' improving underlying performance and long-term profitability initiatives, sending the stock nearly 9% higher in Wednesday's trading.

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European Investor 07-01-26

General Mills reported weaker third-quarter fiscal 2026 results, reflecting the expected impact of strategic investments, divestitures, and timing-related expenses, while reaffirming its full-year outlook.

Net sales declined 8% to $4.4 billion, with organic sales down 3%, as lower volumes and pricing pressure weighed on performance. Profitability also weakened, with operating profit falling 41% to $525 million and adjusted operating profit down 32%, while adjusted EPS declined 37% to $0.64.

The company attributed the declines to brand investment initiatives, yogurt business divestitures, and cost pressures, but emphasized improving volume trends and market share. Management expects a recovery in the fourth quarter, supported by better timing comparisons and continued momentum, positioning the company for a return to growth heading into fiscal 2027.
Business Wire

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The Investor 03-20-26

General Mills Inc. to Sell Brazil Business to 3corações

General Mills Inc. announced it has agreed to sell its Brazil operations to 3corações, including local brands such as Yoki and Kitano, with the transaction expected to close by the end of 2026 pending regulatory approvals.

The divestiture is part of General Mills’ portfolio optimization strategy under its “Accelerate” plan, aiming to improve operating margins and focus on higher-growth global categories such as premium ice cream, snacks, and pet food. The Brazil business generated approximately $350 million in net sales in fiscal 2025.

The move continues General Mills’ broader reshaping efforts, with nearly one-third of its portfolio having been restructured through acquisitions and divestitures since 2018.
Business Wire

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WS Investor 03-17-26

General Mills to Webcast Fiscal 2026 Third Quarter Earnings Results on March 18, 2026

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The Investor 02-25-26

General Mills (NYSE: GIS) outlined progress on its six-year Accelerate strategy at the 2026 CAGNY Conference and lowered its fiscal 2026 outlook amid a tougher consumer environment.

CEO Jeff Harmening said the company has reshaped nearly one-third of its portfolio, strengthened digital capabilities, and improved cost efficiency. Management is focusing on “remarkability” across product, packaging, brand communication and omnichannel execution to restore organic sales growth.

Key priorities include:

* Investing behind eight billion-dollar brands and enhancing consumer-centric innovation, with a targeted 25% increase in net sales from new products in fiscal 2026.
* Leveraging digital and technology capabilities in supply chain, marketing and revenue management.
* Maintaining disciplined capital allocation, having returned more than $14 billion to shareholders since fiscal 2019.

Updated fiscal 2026 guidance:

* Organic net sales now expected to decline 1.5% to 2% (previously down 1% to up 1%).
* Adjusted operating profit and adjusted diluted EPS expected to decline 16% to 20% in constant currency (previously down 10% to 15%).
* Free cash flow conversion still expected at least 95% of adjusted after-tax earnings.

Management cited weak consumer sentiment, heightened uncertainty and category volatility as key headwinds affecting volume recovery.
Business Wire

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The Investor 02-17-26

General Mills Reports Fiscal 2026 Second-Quarter Results, Reaffirms Full-Year Outlook

General Mills reported fiscal 2026 second-quarter net sales of $4.9 billion, down 7 percent year over year, reflecting a significant headwind from North American yogurt divestitures and continued investments to strengthen brand remarkability. Organic net sales declined 1 percent, while operating profit fell 32 percent to $728 million. Diluted earnings per share decreased 45 percent to $0.78, with adjusted diluted EPS down 21 percent in constant currency to $1.10, largely due to lower gross profit and higher costs.

Management said performance exceeded internal expectations despite the near-term financial pressure from brand investments and portfolio changes. The company highlighted improving organic volume trends in North America Retail and stronger competitive positioning across segments, supported by expanded product innovation, packaging updates, and enhanced omnichannel execution.

Based on improved momentum in the first half of the fiscal year, General Mills reaffirmed its full-year fiscal 2026 outlook. The company expects near-term pressure on operating profit and EPS to persist but said these investments are intended to restore volume-led growth and support more sustainable, profitable performance over the long term.

Source: General Mills, Business Wire

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WS Investor 12-20-25

General Mills reported second-quarter fiscal 2026 results that reflected expected headwinds from brand investment spending, the divestiture of its North American yogurt business, and unfavorable trade expense timing, while reaffirming its full-year outlook. Net sales fell 7 percent to $4.9 billion and adjusted diluted EPS declined 21 percent in constant currency to $1.10, though management noted performance exceeded internal expectations and organic volume growth returned in North America Retail. The company reiterated confidence that ongoing investments in brand remarkability will support improved growth and competitiveness over the remainder of the fiscal year.

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European Investor 12-17-25

General Mills announced a multi-year supply chain restructuring plan, including the closure of its St. Charles, Missouri pizza crust facility and two Joplin, Missouri pet food plants, expecting $82 million in charges with completion targeted by fiscal 2029.

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The Investor 10-01-25

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