General Mills stock gained 1.58 percent as Q1 profit fell

Published on 10/07/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

General Mills stock posted USD 4.4 billion in Q1 FY2027 revenue on September 23, 2026. Analysts assign a Reduce consensus and a USD 36.59 average target.

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General Mills stock (ISIN US3703341046) closed at USD 32.18 on the NYSE on October 6, 2026, gaining 1.58 percent from the prior close. The market was weighing a fiscal Q1 FY2027 report in which net sales fell 3 percent and adjusted earnings per share declined 13 percent in constant currency.

Q1 sales fell 3 percent

According to General Mills on September 23, 2026, first-quarter net sales were USD 4.4 billion, down 3 percent year over year after the U.S. yogurt divestiture. Adjusted operating profit fell 11 percent in constant currency, while adjusted diluted EPS decreased 13 percent to USD 0.75.

The comparison is distorted by a USD 1 billion gain from the prior-year yogurt divestiture, but the operating picture remains demanding. Gross margin held at 33.9 percent of net sales, while adjusted gross margin fell 90 basis points to 33.3 percent, according to the company release.

Guidance keeps pressure visible

General Mills reaffirmed its fiscal 2027 outlook in the same September 23 release. Organic net sales are expected between down 1.5 percent and up 0.5 percent, adjusted operating profit is projected to decline 8 percent to 13 percent in constant currency, and adjusted diluted EPS is targeted at USD 3.00 to USD 3.20.

The guidance makes cost control and volume recovery more important than headline sales stability. North America Retail sales fell 7 percent to USD 2.4 billion, while International sales increased 4 percent to USD 794 million, creating a clear contrast between the core U.S. business and overseas operations.

Analysts see limited upside

MarketBeat reports a Reduce consensus based on 20 analysts, with four Buy ratings, ten Holds and six Sells. The average target is USD 36.59, with a USD 30.00 low and USD 45.00 high, placing the average target 13.7 percent above the October 6 closing price.

The next shareholder checkpoint is the dividend schedule. MarketBeat lists a USD 0.61 quarterly dividend, with October 13, 2026 as the ex-dividend date and November 2, 2026 as the payment date.

Stock stays above 52-week low

General Mills closed at USD 32.18 on October 6, 2026, with a session range of USD 31.69 to USD 32.35 and volume of 10,452,114 shares. Its USD 17.2 billion market capitalization remains tied to a price USD 1.00 above the 52-week low of USD 31.18 and USD 19.08 below the 52-week high of USD 51.26.