BUZZ-Preview: General Mills revenue and profit expected to decline, impacted by consumer demand
路透社2026/09/22 17:51September 22 - ** General Mills (GIS.N) shares rose 0.5% to $35.60 in early afternoon trading on Tuesday. The company will release its quarterly earnings before the market opens on Wednesday, with investors closely monitoring trends in consumer demand and price increases.
** According to data from London Stock Exchange Group (LSEG), the maker of Cheerios cereal and other packaged foods is expected to report a nearly 4% year-over-year decline in fiscal first-quarter revenue to $4.3 billion. Adjusted earnings per share are estimated at $0.72, compared with $0.86 a year earlier.
** Earlier this month, GIS sued major U.S. sugar producers (link), accusing them of price-fixing, which drove up the company’s raw material costs.
** In its latest report, the company noted (link) that demand for everyday food products remained resilient, but its key North American retail segment declined by 4%.
** As a result, the stock is down about 23% year-to-date, significantly underperforming the S&P 500 Consumer Staples Index, which is up about 7% .SPLRCS and the S&P 500 Index, which is up around 13% .SPX.
** The stock recently traded at a forward price-to-earnings ratio of 11, compared to its five-year average of 15 — LSEG.
** Of the 21 analysts covering GIS, 3 rated it “strong buy” or “buy,” 14 rated it “hold,” and 4 rated it “sell” or “strong sell.” The median target price is $38 per share.
(To facilitate non-native English speakers, Reuters provides automatic translations of its reports into several languages. Automatic translations may contain errors or lack required context; Reuters does not guarantee the accuracy of these texts and provides them for readers’ convenience only. Reuters does not accept any liability for any damage or loss arising from the use of automated translations.)
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