General Mills (GIS) Misses Q3 EPS by 9c, Misses on Revenue; Offers Guidance

General Mills (NYSE: GIS) reported Q3 EPS of $0.64, $0.09 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.41 billion.

Based on the above assumptions, the Company reaffirmed its full-year fiscal 2026 financial targets²:

Organic net sales are expected to be down 1.5 to 2 percent.
Adjusted operating profit and adjusted diluted EPS are both expected to be down 16 to 20 percent in constant currency.
Free cash flow conversion is expected to be at least 95 percent of adjusted after-tax earnings.
The net impact of divestitures, acquisitions, foreign currency exchange, and the 53rd week is expected to reduce full-year net sales growth by approximately 4 percent. Foreign currency exchange is not expected to have a material impact on adjusted operating profit or adjusted diluted EPS growth.

For earnings history and earnings-related data on General Mills (GIS) click here.

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• Lockheed, RTX, Boeing, L3Harris expected to meet with Trump - WSJ
• AIG (AIG) on Watch Following Unconfirmed M&A Chatter