GIS

AI Research

Earnings report Wednesday → Guidance cut: organic -2% to -3%, operating profit -16% to -20%

General Mills reports Q1 earnings on Wednesday with expected 8.8% revenue decline YoY, further deteriorating from 5% decline in prior year quarter. The company cut FY2026 guidance citing sluggish category performance and consumer deal-seeking, now projecting organic growth decline of 2-3% and operating profit decline of 16-20%. Wells Fargo downgraded to Underweight in early March, signaling analyst concerns.