GIS reports $0.95 adjusted EPS and $4.6B revenue for Q4, topping forecasts, but FY2027 guidance falls short of expectations.
General Mills Inc. (GIS) posted stronger-than-expected fourth-quarter results, with adjusted earnings per share of $0.95, exceeding the $0.81 consensus estimate by $0.14. Revenue rose 1% year-over-year to $4.6 billion, slightly above the $4.58 billion forecast, aided by an extra trading week in fiscal 2026.
Despite the beat, the company’s fiscal 2027 outlook disappointed investors. General Mills guided adjusted EPS to a range of $3.00 to $3.20, below the $3.41 analyst consensus, with organic net sales projected between a 1.5% decline and 0.5% growth. Adjusted operating profit is expected to drop 8% to 13% on a constant-currency basis.
Shares of GIS rose more than 4% in pre-market trading following the earnings release, reflecting initial investor relief over the quarterly beat despite the cautious outlook.