PREVIEW: General Mills rev, earnings seen falling as consumer demand eyed

General Mills

23/09/2026 10:00

Repeats BUZZ published on Tuesday with no changes
** Shares of General Mills GIS.N gaining 0.5% to $35.60 in early afternoon trading on Tues ahead of qtrly results due before the bell on Weds, with investors focused on consumer demand trends and higher prices
** Maker of Cheerios cereal and other packaged foods seen posting nearly 4% yr/yr drop in fiscal Q1 rev to $4.3 bln and adj EPS of $0.72 vs $0.86 a yr ago, per LSEG data
** Earlier this month, GIS sued top U.S. sugar producers, alleging a price-fixing conspiracy that inflated its ingredient costs 
** In its last report, co cited resilient demand for pantry staples but a 4% decline in its key North America Retail segment
** With the move, stock down ~23% YTD, well underperforming a ~7% gain in the S&P 500 Consumer Staples sector .SPLRCS and  ~13% rise in the S&P 500 .SPX
** Stock recently traded at 11x fwd earnings, vs its 5-yr avg of 15x - LSEG
** Of 21 analysts covering GIS, 3 rate the stock "strong buy" or "buy", 14 "hold", 4 "sell" or "strong sell"; median PT $38

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))