General Mills stock falls 1.90 percent after earnings beat

Published on 09/24/2026 at 19:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

General Mills stock posted adjusted EPS of USD 0.75 against USD 0.72 consensus for fiscal Q1 2027. Sales reached USD 4.3895 billion despite a 3 percent decline.

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General Mills stock (ISIN US3703341046) was trading at USD 35.14 on the NYSE on September 24, 2026, down 1.90 percent. The decline followed fiscal 2027 first-quarter results that showed adjusted EPS of USD 0.75 against the USD 0.72 consensus estimate.

Earnings beat meets weak sales

General Mills reported fiscal first-quarter net sales of USD 4.3895 billion for the period ended August 30, 2026, down 3 percent from the prior-year quarter. According to General Mills, the decline primarily reflected the divestiture of its U.S. yogurt business.

Reported operating profit was USD 633.6 million, while adjusted operating profit was USD 634.0 million, down 11 percent in constant currency. The company said gross margin held at 33.9 percent, but adjusted gross margin fell to 33.3 percent as input costs increased.

Guidance stays cautious

General Mills reaffirmed its fiscal 2027 outlook on September 23, 2026. Organic net sales are expected to range from down 1.5 percent to up 0.5 percent, while adjusted operating profit is projected to decline 8 percent to 13 percent in constant currency.

Adjusted diluted earnings are forecast at USD 3.00 to USD 3.20 per share. The range sits below the USD 3.55 per share achieved in the preceding fiscal year, making cost control and volume recovery central to the earnings outlook.

According to Investing.com on September 23, 2026, adjusted EPS of USD 0.75 exceeded the USD 0.72 consensus, while revenue of USD 4.4 billion topped the USD 4.34 billion forecast. The beat was not enough to offset investor concern about falling sales and margins.

Stock trades below yearly high

General Mills stock had a market capitalization of USD 18.754 billion on September 24, 2026. Its 52-week range was USD 31.75 to USD 51.32, leaving the intraday price USD 16.18 below the yearly high.

Intraday price points lower

General Mills stock was trading at USD 35.14 on the NYSE on September 24, 2026. The combination of a USD 0.75 adjusted EPS beat and a 3 percent sales decline leaves the next earnings periods dependent on volume trends, pricing and savings delivery.