General Mills stock falls 1.84 percent after earnings beat

General Mills stock (GIS) was trading at USD 35.16 on the NYSE on September 24, 2026 at 11:39 a.m. ET, down 1.84 percent from the previous close of USD 35.82. The move followed fiscal 2027 first-quarter results that beat the adjusted EPS consensus while showing continuing pressure on sales and margins.

Sales decline in first quarter

General Mills reported net sales of USD 4.4 billion for the quarter ended August 30, 2026, down 3 percent from the prior year, while organic net sales were flat, according to the Financial Times.

The comparison was also distorted by the prior-year yogurt divestiture gain. Reported operating profit fell 63 percent to USD 634 million, while adjusted operating profit declined 11 percent in constant currency, leaving the operating margin at 14.4 percent, the same Financial Times report said.

EPS beat meets cautious guidance

Adjusted diluted EPS came in at USD 0.75, USD 0.03 above the USD 0.72 consensus estimate, although it declined 13 percent in constant currency. General Mills reaffirmed its fiscal 2027 outlook, including organic net sales ranging from down 1.5 percent to up 0.5 percent and adjusted diluted earnings of USD 3.00 to USD 3.20 per share, according to the Financial Times.

The market reaction highlights the tension in the figures: the earnings beat supports the near-term case, but the 3 percent sales decline and lower adjusted operating profit keep the recovery dependent on volume and mix. On September 24, 2026, TD Cowen raised its price target from USD 32.00 to USD 33.00 and retained a Hold rating, according to MarketBeat.

Stock remains below yearly high

General Mills stock stood at USD 35.16 on the NYSE on September 24, 2026 at 11:39 a.m. ET. Its 52-week range was USD 31.75 to USD 51.32, while market capitalization stood at USD 18,765,173,245, giving the earnings beat a cautious price backdrop.