General Mills
During its presentation at the Consumer Analyst Group of New York (CAGNY) Conference, General Mills highlighted its commitment to restoring organic sales growth through its Accelerate strategy.
The company's focus on its Accelerate strategy is significant as it aims to navigate a challenging consumer environment and drive sustainable growth.
In the presentation, CEO Jeff Harmening emphasized the company's focus on enhancing brand competitiveness and delivering greater remarkability through its global brands.
Despite the current challenging environment, the company aims to adapt and drive profitable growth, showcasing its portfolio of well-known brands like Cheerios, Häagen-Dazs, and Blue Buffalo.
Revised Guidance
The company anticipates about a 25% increase in net sales from new products in FY26, driven by innovation around three key consumer trends: bold flavors, familiar favorites, and better-for-you benefits like protein and fiber.
General Mills is adjusting its full-year fiscal 2026 financial outlook, reflecting the challenges posed by weak consumer sentiment and heightened uncertainty in the market.
Consequently, the company has revised its full-year fiscal 2026 guidance, with organic net sales expected to be down 1.5%-2% (previously down 1% to up 1%).
Also, the company lowered its outlook for adjusted operating profit & diluted EPS (constant currency) to be down 16%-20% (previously down 10%-15%).
For full-year fiscal 2026, net sales growth is expected to be reduced by ~4% due to currency effects, recent acquisitions/divestitures, and a 53rd week.
Currency is projected to have minimal impact on adjusted profit and EPS, while restructuring and integration costs are estimated at $160-165 million.
Technical Analysis
The broader market experienced declines on the previous trading day, with the Nasdaq falling by 0.78% and the S&P 500 down 0.31%. General Mills' positive movement contrasts with the overall market sentiment, suggesting that the stock's performance may be driven by company-specific factors rather than broader market trends.
General Mills is currently trading 16.02% below its 12-month high, reflecting a challenging year for the stock. The shares are positioned closer to their 52-week lows than highs, indicating ongoing pressure in the market.
The RSI is at a neutral level, suggesting that the stock is neither overbought nor oversold at this time. Meanwhile, MACD is below its signal line, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum for General Mills, indicating that traders should watch for potential shifts in market sentiment.
- Key Resistance: $46.00
- Key Support: $43.00
General Mills is slated to provide its next financial update on Mar. 18, 2026.
- EPS Estimate: 82 cents (Down from $1.00)
- Revenue Estimate: $4.55 Billion (Down from $4.84 Billion)
- Valuation: P/E of 10.4x (Indicates value opportunity)
The stock carries a Hold Rating with an average price target of $53.56. Recent analyst moves include:
- Wells Fargo: Equal-Weight (Lowers Target to $49.00) (Jan. 5)
- Morgan Stanley: Underweight (Lowers Target to $47.00) (Dec. 22, 2025)
- TD Cowen: Hold (Raises Target to $47.00) (Dec. 18, 2025)
- SPDR SSGA US Large Cap Low Volatility Index ETF
(LGLV ) : 1.19% Weight - SPDR Russell 1000 Yield Focus ETF
(ONEY ) : 1.01% Weight - Invesco S&P 500 Equal Weight Consumer Staples ETF
(RSPS ) : 2.85% Weight
GIS Price Action: General Mills shares are trading lower by 3.52% at $46.64 during premarket trading on Tuesday, according to Benzinga Pro data.
