General Mills Adjusts FY26 Outlook Amid Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy GIS?
Source: Benzinga
- Strategic Progress: At the Consumer Analyst Group of New York conference, General Mills highlighted its Accelerate strategy aimed at restoring organic sales growth, demonstrating the company's commitment to long-term sustainable growth despite challenges in consumer confidence.
- Sales Forecast Downgrade: The company anticipates organic net sales to decline by 1.5%-2% for FY26, a revision from the previous guidance of a 1% decline to a 1% increase, reflecting heightened market uncertainty.
- Profit Outlook Adjustment: General Mills has lowered its adjusted operating profit and diluted EPS outlook to a decrease of 16%-20%, indicating pressure on profitability in the current economic environment.
- Market Performance Analysis: Despite a weak overall market, General Mills shares fell by 3.52% in premarket trading to $46.64, suggesting that company-specific factors are influencing stock performance, with the price closer to 52-week lows, indicating ongoing market pressure.
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Analyst Views on GIS
Wall Street analysts forecast GIS stock price to rise
15 Analyst Rating
4 Buy
9 Hold
2 Sell
Hold
Current: 44.960
Low
47.00
Averages
52.38
High
63.00
Current: 44.960
Low
47.00
Averages
52.38
High
63.00
About GIS
General Mills, Inc. is a global manufacturer and marketer of branded consumer foods. Its segments include North America Retail; International; North America Pet, and North America Foodservice. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, convenience stores, and e-commerce grocery providers. The International segment consists of retail and foodservice businesses outside the United States and Canada. Its product categories include super-premium ice cream and frozen desserts, meal kits, salty snacks, snack bars, dessert and baking mixes, and shelf-stable vegetables. The North America Pet segment includes pet food products sold in the United States and Canada in national pet superstore chains, e-commerce retailers, and grocery stores. The North America Foodservice segment product categories include ready-to-eat cereals, snacks, and baking mixes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Brand Recognition: General Mills is known for popular brands such as Cheerios, Pillsbury, and Betty Crocker.
- Market Impact: The decline in stock reflects broader concerns about consumer spending trends affecting food companies.
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