General Mills stock fell 1.27 percent on October 7. The company offers USD 750 million

General Mills stock (ISIN US3703341046) closed at USD 31.77 on the NYSE on October 7, 2026, down 1.27 percent from the previous close. The company had announced a cash tender offer for up to USD 750 million of senior notes on October 5, 2026, according to FT.

USD 750 million debt offer

General Mills is seeking to repurchase seven series of senior notes for cash, with maturities from 2030 to 2051. The aggregate tender consideration is capped at USD 750 million, while three specified note series share a separate USD 250 million cap, the company announcement reported by FT said on October 5, 2026.

The offer is scheduled to expire at 5:00 p.m. ET on October 9, 2026, with settlement expected on October 14, 2026. The transaction gives the food maker a defined debt-management action while its operating outlook remains under pressure.

Fiscal Q1 revenue fell 3 percent

For the quarter ended August 30, 2026, General Mills reported revenue of USD 4.39 billion, down 3 percent from the prior-year quarter, according to the fiscal filing published on Last10K. Reported diluted EPS was USD 0.74, while adjusted diluted EPS was USD 0.75, down 13 percent in constant currency.

The comparison includes a USD 1.054 billion gain from the prior-year U.S. yogurt divestiture, which affected reported profit. General Mills also reaffirmed fiscal 2027 guidance for organic net sales between a 1.5 percent decline and 0.5 percent growth, with adjusted EPS of USD 3.00 to USD 3.20.

Consensus target stays above USD 36

MarketBeat reported a Reduce consensus based on four Buy, ten Hold and six Sell ratings. Its average target of USD 36.41 stood 14.6 percent above the October 7 closing price of USD 31.77.

The same quarterly report showed adjusted EPS of USD 0.75 against a USD 0.72 consensus and revenue of USD 4.39 billion against a USD 4.35 billion estimate. The beats therefore coexist with lower year-over-year revenue and adjusted profit, leaving debt reduction and cost control as central measures for the next reporting cycle.

General Mills stock stays near its yearly low

General Mills stock closed at USD 31.77 on October 7, 2026, within its 52-week range of USD 31.18 to USD 50.93. Market capitalization was USD 17.0 billion and trading volume was 10,265,203 shares on the same date.

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