Revenue
Earnings
The consensus target for earnings per share in Q2 2026 is $1.02, which implies a decline of 27% from the prior-year quarter. In Q1 2026, adjusted EPS fell 20% YoY to $0.86.
Points to note
General Mills continues to navigate a dynamic operating environment as budget-conscious consumers look for value and give priority to their favorite brands. The company’s organic sales were impacted by unfavorable price realization and mix while its margins were hit by higher input costs last quarter.
General Mills has been investing in its brands to drive organic sales growth and these investments are focused on five key areas – product, packaging, brand communication, omnichannel execution, and value. These initiatives involve product innovation, affordable pack sizes, brand marketing, building omnichannel capabilities, and offering value through price adjustments.
Within its segments, GIS continues to launch new products, expand distribution and offer healthy options. The pet segment is likely to continue benefiting from the pet humanization trend although value-conscious customers are being prudent in their spending.
The company also continues to reshape its portfolio through strategic acquisitions and divestitures. Its recent acquisition of the North America Whitebridge business is contributing to the growth in the pet business.