General Mills forecasts $3.10 adjusted EPS amid revenue dip, strong pet food sales offset cereal decline
GIS sits 18% above its 52-week low of $31.75.
Summary
General Mills provided an adjusted EPS outlook of $3.10 for the upcoming fiscal year, alongside a forecast for a slight revenue decline and flat-to-down organic sales. This guidance follows the company's July 1st announcement of a substantial Q4 net loss and a general negative financial outlook for fiscal 2027. The specific EPS figure is crucial for updating financial models, while the mixed segment performance, with pet food sales rising 4% and retail cereal sales falling 4% in Q4, highlights ongoing shifts in consumer demand.
At the time of this announcement, GIS was trading at $37.47 on NYSE in the Trade & Services sector, with a market capitalization of approximately $20.1B. The 52-week trading range was $31.75 to $54.18. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.