General Mills, IncNYSE: GIS
Consumer Staples · Packaged Foods & Meats
$34.83
-1.37%
Vol: 5.4M
Research Digest
Friday, May 1, 2026
General Mills faces headwinds with Q3 sales decline and Brazil business divestiture
Q3 2026 net sales down 8% and adjusted EPS down 37% YoY, though sequential improvement expected in Q4. Company announced definitive agreement to sell Brazil business to 3corações. Stock near 2010 lows as consumer habits shift and margin pressure persists. Analysts reduce targets amid weak fundamentals. Dividend yield high at 7.0% but with caution.
Previous Market Intelligence
13 daysApr 30General Mills stock down 34.6% over past year near 2010 lows on volume pressure and margin challenges, with analyst consensus Hold and price target of $42.07.Negative▶
General Mills stock has experienced severe weakness with one-year total return decline of 34.19%, trading near lowest level since 2010. Q1 results showed revenue of $4.44 billion but adjusted EPS missed at $0.64. The company announced Jonathan Ness as new Chief Supply Chain Officer effective March 16, 2026. General Mills entered definitive agreement to sell Brazil business to 3coracoes. Analyst consensus shows Hold rating with 12-month price target of $42.07 (21.43% upside). The company has faced volume growth challenges and shifting consumer habits pressuring margins. Strategic reinvestment expected to support stronger Q4 and fiscal 2027 outlook with margin recovery as volume stabilizes.
Apr 29General Mills faces earnings pressure with Q3 net sales down 8% and adjusted EPS down 37%; multiple analysts lower price targets through April 2026.Negative▶
General Mills faces headwinds with Q3 results showing net sales down 8% and adjusted EPS down 37% due to reinvestment and divestiture pressures. Stock down 34.19% over one year at $34.72. Multiple analysts including Mizuho, Goldman Sachs, Stifel, Barclays, and RBC lowered price targets in March-April 2026. Average analyst rating is Hold with 12-month target of $42.07 (21.43% upside). Company appointed Jonathan Ness as Chief Supply Chain Officer effective March 16, 2026.
Apr 16FY2026 EPS guidance lowered to $3.37-$3.54 vs consensus $3.51; organic sales decline 1.5-2% amid consumer pressureNegative▶
General Mills issued weaker FY2026 guidance on April 10, 2026: EPS of $3.37-$3.54 (vs consensus $3.51), organic net sales declining 1.5-2%, adjusted operating profit and EPS down 16-20% constant currency. Q3 reported $0.64 EPS missing $0.73 estimate. Stock down 21% YTD at $34.55 with 6.9% dividend yield.
Apr 15General Mills reports 3% organic sales decline in Q3 but agreed to sell Brazil operations as part of portfolio restructuring.Negative▶
General Mills posted organic net sales decline of 3% in Q3 fiscal 2026 due to lower pound volume and unfavorable price/mix. The company agreed to divest its Brazil operations (Yoki and Kitano brands) to 3coracoes as part of wider portfolio reshaping. Adjusted operating profit margin contracted 510 basis points to 12.3%. Jonathan Ness was appointed Chief Supply Chain Officer effective March 16. The stock trades near 12-year lows with analysts cautious; J.P. Morgan issued a Sell rating in March.
Apr 14General Mills misses Q1 earnings and cuts 2026 guidance with 21% YTD decline and new 52-week low.Negative▶
General Mills reported Q1 revenue of $4.44B (missed $4.53B estimate) and EPS of $0.64 (missed $0.73 estimate). The company updated FY 2026 guidance to $3.37-$3.54 EPS range (below $3.51 consensus), projecting organic sales decline of 1.5-2% and adjusted EPS/operating profit decline of 16-20%. The stock hit a new 52-week low at $35.51 and is down 21% YTD.
Apr 13General Mills reported Q3 EPS miss and issued FY 2026 EPS guidance of $3.370-$3.540, below consensus; announced Brazil operations sale.Negative▶
General Mills reported Q3 fiscal 2026 EPS of $0.64 (vs consensus $0.73) and revenue of $4.44B (vs consensus $4.53B), down 8.4% YoY. FY 2026 EPS guidance misses consensus. Stock at $35.75 with -21% YTD decline. Announced sale of Brazil operations. Wells Fargo cutting PT to $33 from $35.
Apr 10General Mills Issues Downward FY 2026 Guidance; Consensus ReduceNegative▶
FY 2026 EPS $3.37-$3.54 vs consensus $3.51. Organic sales decline 1.5-2%. Stock down 21.3% YTD. 20 analysts rate Reduce.
Apr 9General Mills cut guidance on weak demand; down 22% YTD, dividend steady at 6.5%Negative▶
General Mills reported Q3 FY2026 organic sales down 3%, adjusted operating margin contracted 510bps to 12.3%. Company cut annual core net sales and profit forecasts citing weaker consumer sentiment. Sold Brazil business to 3corações; revived La Tiara taco shell brand nationally. Stock down 22% YTD at $36.65; dividend yield attractive at 6.5% despite pressure. J.P. Morgan gave Sell rating (March 26); consensus "Hold" at $42.75 target (+16.2% upside).
Apr 8General Mills missed Q3 earnings, reported 3% organic sales decline; stock down 34% YTD.Negative▶
GIS Q3 organic sales fell 3%. Adjusted operating margin contracted 510 bps to 12.3%. Stock $37.42, -34% YoY. Hold consensus.
Apr 7General Mills Faces 22% Year Decline But Shows Potential Upside After Earnings MissNeutral▶
General Mills reported earnings miss and revenue decline in Q3 FY2026 with organic sales falling 3% and adjusted operating profit margin contracting 510 bps to 12.3%. However, valuation analysis suggests 57.6% undervaluation potential. J.P. Morgan issued Sell rating on March 26, 2026. Average analyst rating "Hold" with 12-month price target of $42.75 (14.24% upside).
Apr 6General Mills faces headwinds with weaker-than-expected Q1 results, Brazil divestiture underwayNegative▶
General Mills reported disappointing Q1 results with revenue of $4.44 billion but missed adjusted EPS at $0.64, alongside a 3% sales decline. The company is divesting its Brazilian business to 3corações and navigating pricing strategies amid portfolio reshaping. Stock has declined 22% over the past year, with J.P. Morgan downgrading to Sell as of March 26, 2026. However, an analysis suggests 57.6% undervaluation potential. Sixteen analysts maintain a Hold rating with a 12-month price target of $42.75 (14.24% upside). Jonathan Ness was appointed Chief Supply Chain Officer effective March 16.
Apr 3General Mills faces accelerating sales declines and margin pressures; J.P. Morgan downgrades to Sell on March 26.Negative▶
General Mills reported weak Q3 fiscal 2026 results with organic sales declining 3% and adjusted operating profit margins contracting 510 basis points to 12.3%. J.P. Morgan issued Sell rating on March 26. Stock trades at P/E of 9.15 with 6.5% dividend yield. Average target $42.75 (+14.24% upside).
Apr 2General Mills faces 22% year-over-year stock decline amid portfolio reshaping and consumer spending challenges.Negative▶
General Mills stock declined 22% over the past year, trading at $37.33 with a market cap of $19.92B. The company is nearing an inflection point in volumes and market share after logging lower profit and sales in fiscal Q3. J.P. Morgan issued a 'Sell' rating on March 26, 2026. The company entered a definitive agreement to sell its Brazil business to 3corações. Analysts average a 'Hold' rating with a 12-month price target of $42.75, implying 14.89% upside.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MDLZMONDELEZ | $61.40 | -0.07% | +5.2% | 18.3x | 0.39 | $78.9B |
| HSYHERSHEY | $182.63 | -1.68% | -10.7% | 18.8x | 0.17 | $37.6B |
| KHCKRAFT | $22.53 | -0.60% | -3.9% | 10.6x | 0.05 | $26.8B |
| TSNTYSON | $63.84 | -0.36% | -0.7% | 14.6x | 0.43 | $22.6B |
| GISGENERAL | $34.83 | -1.37% | -6.3% | 10.7x | — | $18.8B |
| MKCMCCORMICK | $50.38 | -0.91% | +0.1% | 15.2x | 0.71 | $13.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.