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Stock impact report

General Mills reaffirms full year guidance as Q3 earnings miss estimates [Yahoo! Finance]

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Yahoo! Finance
General Mills Inc (NYSE:GIS, XETRA:GRM) reported third quarter fiscal 2026 results that fell short of analyst expectations, with shares little changed at around $39 late morning on Wednesday as the company reaffirmed its full-year guidance. The company posted net sales of $4.4 billion, down 8% year-over-year due to lower volumes and divestitures. This was slightly below analyst expectations of approximately $4.44 billion. Adjusted EPS came in at $0.64, missing consensus estimates of about $0.75. Adjusted operating profit was $547 million, down 32% in constant currency, while operating profit was $525 million, a 41% decline from the prior year. Gross margin fell 310 basis points to 30.8%, driven by higher input costs partially offset by favorable pricing and product mix, including benefits from North American yogurt divestitures. General Mills reaffirmed its full-year fiscal 2026 guidance, stating that organic net sales are expected to decline 1.5% to 2%. The company also ex Show less Read more
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