- General Mills (NYSE: GIS) is set to report its Q3 2026 earnings with an anticipated 16.3% decline in EPS to $0.72.
- The company's revenue forecast for the quarter is approximately $4.35 billion, a decrease from the prior year.
General Mills (NYSE: GIS), a major producer of consumer foods, is preparing to release its quarterly earnings report on September 23, 2026. The company is known for its wide range of brands found in many households. This upcoming financial release will provide insight into the company's recent performance.
Wall Street's consensus estimate for the quarter's earnings per share (EPS) is $0.72. This is very close to the $0.72 per share projection from analysts at Zacks Investment Research. This estimated EPS represents a significant 16.3% decline compared to the $0.86 per share reported in the same period last year.
For revenue, the market anticipates approximately $4.35 billion. This figure is consistent with other forecasts, such as the $4.34 billion consensus estimate and the $4.33 billion projection from Zacks Investment Research. This would mark a decrease from the $4.52 billion in revenue reported in the prior year's quarter.
Despite the projected quarterly declines, General Mills reaffirmed its adjusted EPS guidance for the fiscal year to be between $3.00 and $3.20. In a recent update, Evercore ISI Group maintained an "In-Line" rating for the stock but lowered its price target from $39.00 to $38.00, as highlighted by Benzinga. The company's current ratio is 0.68. A current ratio below 1 suggests that a company's short-term liabilities are greater than its short-term assets, such as cash.
