General Mills (NYSE:GIS) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

General Mills (NYSE:GIS) posted its quarterly earnings data on Wednesday. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07, FiscalAI reports. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. General Mills updated its FY 2026 guidance to 3.580-3.790 EPS.

Here are the key takeaways from General Mills’ conference call:

• The company says its Remarkability Framework and targeted price investments drove North America Retail volume recovery, with >90% of price moves performing as expected and pound‑share gains in 8 of its top 10 categories while innovation is running ~25% higher this year.
• The Love Made Fresh pet launch is tracking well — 4,658 coolers live (on pace for ~5,000 by year‑end/Jan), ~5% trial share in early accounts and 4.8/5 product ratings as management prioritized inventory to drive trial.
• Q2 outperformance on profit was largely timing‑driven (inventory absorption, international and shipment timing) and management expects those benefits to reverse in Q3, which could pressure near‑term margins and EPS.
• Management expects top‑line improvement in H2 and material profit growth in Q4, citing favorable trade expense phasing and the 53rd week (about a $100M tailwind) that together should boost Q4 profitability.
• Inflation/tariff headwinds remain (roughly 3% base input inflation plus ~1–2% tariff impact) with some cost relief delayed by coverage/hedges into fiscal 2027, and the company left full‑year guidance unchanged.

General Mills Trading Up 0.3%

Shares of GIS opened at $48.74 on Friday. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.91 and a beta of -0.07. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.40. General Mills has a 1-year low of $45.15 and a 1-year high of $67.35. The company has a 50-day moving average of $47.25 and a 200 day moving average of $49.62.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s dividend payout ratio (DPR) is currently 46.12%.

Wall Street Analyst Weigh In

A number of research firms have commented on GIS. Mizuho decreased their price target on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 19th. UBS Group cut their target price on General Mills from $49.00 to $47.00 and set a “sell” rating for the company in a research report on Thursday, September 18th. Morgan Stanley set a $48.00 price target on General Mills and gave the stock an “underweight” rating in a research note on Wednesday. Barclays cut their price objective on General Mills from $54.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, September 19th. Finally, Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.50.

Institutional Trading of General Mills

Institutional investors and hedge funds have recently modified their holdings of the stock. Binnacle Investments Inc grew its stake in General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Kelleher Financial Advisors purchased a new stake in shares of General Mills in the 3rd quarter worth $34,000. Ancora Advisors LLC grew its position in shares of General Mills by 124.9% during the 3rd quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock worth $44,000 after buying an additional 486 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of General Mills during the second quarter valued at $68,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of General Mills in the second quarter valued at about $84,000. Institutional investors own 75.71% of the company’s stock.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.