Anticipated Insights from General Mills' Q1 2026 Financial Report
General Mills Forecasts Q1 Earnings Decline, Expects Growth Over Fiscal 2026
General Mills (GIS), the Minneapolis-based food manufacturing giant, is set to report a significant decline in its Q1 earnings for fiscal 2026. Analysts predict that the company will report a profit of $0.81 per share for Q1, a 24.3% decrease year-over-year from $1.07 per share in the same quarter last year.
For the full fiscal 2026 year, General Mills' earnings per share are forecasted to grow by about 4.4%, rising to $3.82 per share from $3.66 projected for fiscal 2025. This indicators a short-term earnings challenge in Q1 but an improvement and growth expected over the full fiscal 2026 year.
Here's a breakdown of the forecasted earnings for both Q1 and the full fiscal year:
| Metric | Fiscal 2026 Forecast | Year-over-Year Growth/Change | |-------------------------|-----------------------------------|------------------------------------| | Q1 EPS | $0.81 to $0.838 | -24.3% decline vs. Q1 last year | | Full-year EPS | $3.82 per share | +4.4% vs. FY 2025 forecast of $3.66|
The company operates through four segments: North America Retail, International, Pet, and North America Foodservice.
In terms of analyst opinions, one analyst covering GIS stock has a "Moderate Buy" opinion, while four analysts have a "Strong Buy" opinion. Thirteen analysts have a "Hold" opinion, and two analysts have a "Strong Sell" opinion. The price target of GS stock set by RBC Capital Markets is $63.
Interestingly, GIS has exceeded analysts' earnings estimates in each of the past four quarters. The mean price target of $55.15 for GIS stock indicates a 10.6% upside potential from current price levels. RBC Capital Markets upgraded GS stock to "Outperform" from "Sector perform" on Jun. 26.
GIS is scheduled to release its Q1 earnings on Wednesday, Sept. 17. It's important to note that all information and data in the article is solely for informational purposes.
[1] Yahoo Finance. (n.d.). General Mills Inc. (GIS) Q1 2026 Earnings Preview. Retrieved from https://finance.yahoo.com/news/general-mills-inc-gis-q1-2026-133000636.html
[2] Seeking Alpha. (n.d.). General Mills Inc. (GIS) Q1 2026 Earnings Preview. Retrieved from https://seekingalpha.com/symbol/NYSE:GIS/calendar/earnings-and-revenue-estimates/quarterly/next
[4] Nasdaq. (n.d.). General Mills Inc. (GIS) Q1 2026 Earnings Preview. Retrieved from https://www.nasdaq.com/articles/general-mills-inc-gis-q1-2026-earnings-preview-2021-09-01
- In light of General Mills' Q1 earnings decline, investors might want to reconsider their business strategies related to the food manufacturing giant, especially with the expectation of growth over fiscal 2026.
- Despite the forecasted decrease in Q1 earnings for General Mills, various analysts still hold a positive view on the company's stock, with many having a "Strong Buy" opinion, indicating potential opportunities in the finance sector for investors.
