General Mills stock beats estimates as guidance holds

General Mills stock was trading at USD 35.44 on the NYSE on September 23, 2026, as the food company reported adjusted fiscal first-quarter earnings of USD 0.75 per share. The result exceeded the USD 0.72 consensus estimate, while quarterly revenue reached USD 4.39 billion against a USD 4.34 billion forecast, according to Investing.com.

Revenue falls as margins tighten

General Mills said on September 23, 2026, that fiscal Q1 2027 net sales fell 3 percent from USD 4.52 billion to USD 4.39 billion. Organic net sales were flat, indicating that the reported decline primarily reflected the U.S. yogurt divestiture rather than a broad-based drop in underlying sales.

Adjusted operating profit declined 11 percent in constant currency to USD 634.0 million from USD 711.2 million. Adjusted operating margin fell to 14.4 percent from 15.7 percent, a 1.3 percentage-point decline, as higher input costs and lower volume outweighed favorable pricing and mix.

Guidance stays at USD 3.00 to USD 3.20

Management reaffirmed fiscal 2027 adjusted diluted EPS guidance of USD 3.00 to USD 3.20 per share. The outlook also calls for organic net sales growth of negative 1.5 percent to positive 0.5 percent and adjusted operating profit growth of negative 13 percent to negative 8 percent in constant currency.

The company is targeting at least USD 750 million in fiscal 2027 savings. That target gives investors a measurable counterweight to the margin pressure visible in the first quarter, while the quarterly EPS beat provides a more favorable starting point than the consensus forecast implied.

Stock trades below yearly high

General Mills stock stood at USD 35.44 in intraday NYSE trading on September 23, 2026, down USD 0.01, or 0.04 percent. Its 52-week range was USD 31.75 to USD 51.33, placing the price USD 15.89 below the yearly high.