GIS Stock - General Mills, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $19.49B | $19.86B | $20.09B | $18.99B | $18.13B |
| Gross Profit | $6.73B | $6.93B | $6.55B | $6.40B | $6.45B |
| Gross Margin | 34.6% | 34.9% | 32.6% | 33.7% | 35.6% |
| Operating Income | $3.30B | $3.43B | $3.43B | $3.48B | $3.14B |
| Net Income | $2.30B | $2.50B | $2.59B | $2.71B | $2.34B |
| Net Margin | 11.8% | 12.6% | 12.9% | 14.3% | 12.9% |
| EPS | $4.12 | $4.34 | $4.36 | $4.46 | $3.81 |
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. The company operates 466 leased and 392 franchise ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 20th 2025 | JP Morgan | Downgrade | Underweight | $45 |
| June 26th 2025 | RBC Capital Mkts | Upgrade | Outperform | $63 |
| June 9th 2025 | Goldman | Downgrade | Neutral | $58 |
| April 23rd 2025 | UBS | Initiation | Sell | $54 |
| March 24th 2025 | Morgan Stanley | Initiation | Underweight | $53 |
| March 10th 2025 | Jefferies | Reiterated | Hold | $62← $58 |
| December 19th 2024 | TD Cowen | Reiterated | Hold | $64← $75 |
| December 13th 2024 | BofA Securities | Upgrade | Buy | $80← $78 |
| August 12th 2024 | Goldman | Initiation | Buy | $76 |
| July 16th 2024 | Argus | Downgrade | Hold | - |
| May 15th 2024 | Bernstein | Upgrade | Market Perform | $70← $62 |
| February 1st 2024 | Citigroup | Initiation | Neutral | $67 |
| December 21st 2023 | RBC Capital Mkts | Reiterated | Sector Perform | $72← $74 |
| September 22nd 2023 | HSBC Securities | Initiation | Hold | $74 |
| September 18th 2023 | JP Morgan | Reiterated | Neutral | $69← $71 |
Earnings History & Surprises
GISEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 18, 2026 | $0.85 | — | — | — |
Q4 2025 | Dec 17, 2025 | $1.03 | $1.10 | +6.8% | ✓ BEAT |
Q3 2025 | Sep 17, 2025 | $0.82 | $0.86 | +5.1% | ✓ BEAT |
Q2 2025 | Jun 25, 2025 | $0.71 | $0.74 | +4.4% | ✓ BEAT |
Q1 2025 | Mar 19, 2025 | $0.96 | $1.00 | +4.4% | ✓ BEAT |
Q4 2024 | Dec 18, 2024 | $1.22 | $1.40 | +14.8% | ✓ BEAT |
Q3 2024 | Sep 18, 2024 | $1.06 | $1.07 | +0.9% | ✓ BEAT |
Q2 2024 | Jun 26, 2024 | $0.99 | $1.01 | +2.0% | ✓ BEAT |
Q1 2024 | Mar 20, 2024 | $1.05 | $1.17 | +11.4% | ✓ BEAT |
Q4 2023 | Dec 20, 2023 | $1.16 | $1.25 | +7.8% | ✓ BEAT |
Q3 2023 | Sep 20, 2023 | $1.08 | $1.09 | +0.9% | ✓ BEAT |
Q2 2023 | Jun 28, 2023 | $1.07 | $1.12 | +4.7% | ✓ BEAT |
Q1 2023 | Mar 23, 2023 | $0.93 | $0.97 | +4.3% | ✓ BEAT |
Q4 2022 | Dec 20, 2022 | $1.07 | $1.10 | +2.8% | ✓ BEAT |
Q3 2022 | Sep 21, 2022 | $1.00 | $1.11 | +11.0% | ✓ BEAT |
Q2 2022 | Jun 29, 2022 | $1.01 | $1.12 | +10.9% | ✓ BEAT |
Q1 2022 | Mar 23, 2022 | $0.78 | $0.84 | +7.7% | ✓ BEAT |
Q4 2021 | Dec 21, 2021 | $1.05 | $0.99 | -5.7% | ✗ MISS |
Q3 2021 | Sep 22, 2021 | $0.89 | $0.99 | +11.2% | ✓ BEAT |
Q2 2021 | Jun 30, 2021 | $0.83 | $0.91 | +9.6% | ✓ BEAT |
Latest News
TD Cowen Maintains Hold on General Mills, Raises Price Target to $47
➖ NeutralWells Fargo Maintains Equal-Weight on General Mills, Raises Price Target to $51
➖ NeutralBernstein Maintains Market Perform on General Mills, Lowers Price Target to $54
➖ NeutralGeneral Mills shares are trading higher after the company reported better-than-expected Q2 financial results and affirmed its FY26 adjusted EPS guidance, above estimates.
📈 PositiveGeneral Mills Executive Says Product Offering Needs Improvement
📉 NegativeGeneral Mills Executive Says Consumers Moving To High-Proteins
📈 PositiveGeneral Mills Executive Says Prices Are At Right Place Where They Need To Be
📈 PositiveGeneral Mills Executive Expects Improvements In Second Half
📈 PositiveGeneral Mills Executive Says Company Not Concerned About Competitive Environment - Conference Call
➖ NeutralGeneral Mills Affirms FY2026 Adj EPS Guidance of $3.58-$3.79 vs $3.65 Est, Organic Net Sales Are Expected To Range Between Down 1% And Up 1%
📈 PositiveGeneral Mills Q2 Adj. EPS $1.10 Beats $1.03 Estimate, Sales $4.860B Beat $4.781B Estimate
📈 PositiveTD Cowen Maintains Hold on General Mills, Lowers Price Target to $45
📉 NegativeWells Fargo Maintains Equal-Weight on General Mills, Lowers Price Target to $50
➖ NeutralStifel Maintains Buy on General Mills, Lowers Price Target to $52
➖ NeutralSan Francisco Attorney Sues Food Manufacturers Over Alleged Harms Of Ultra-Processed Foods
📉 NegativeGeneral Mill Reaffirms Long-Term Growth Targets And Fiscal 2026 Financial Outlook At Investor Day
📈 PositiveGeneral Mills To Close Pizza Crust Facility And Pet Facilities In Missouri, Sees $82M In Restructuring Charges
📉 NegativeBarclays Maintains Equal-Weight on General Mills, Lowers Price Target to $52
➖ NeutralMizuho Maintains Neutral on General Mills, Lowers Price Target to $52
➖ NeutralUBS Maintains Sell on General Mills, Lowers Price Target to $47
📉 NegativeFrequently Asked Questions about GIS
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