General Mills reaffirmed its fiscal 2027 outlook on September 8, calling for organic net sales ranging from a 1.5% decline to 0.5% growth, adjusted operating profit down 8% to 13% in constant currency, and adjusted diluted EPS of $3 to $3.20. The guidance follows a difficult fiscal 2026 in which net sales fell to $18.42 billion from $19.49 billion, adjusted operating profit dropped 16% to $2.81 billion, and adjusted diluted EPS declined 16% to $3.55, while adjusted operating margin fell 190 basis points to 15.3%. CEO Jeff Harmening said on September 8 that the company was seeing improving retail sales trends and positive consumer response to its innovation efforts, but added that there is still important work to do. On the September 18 episode of Mad Money, Jim Cramer pointed to the stock's 6.72% dividend yield as a red flag, citing input costs, GLP-1s, and processed food, and said he cannot recommend it. General Mills is scheduled to report fiscal 2027 first-quarter results on September 23.
General Mills IncReaffirmed weak fiscal 2027 guidance with adjusted operating profit down 8-13% and EPS of $3-$3.20 after a 16% profit decline in fiscal 2026.
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