Overview
- General Mills, which reported results Wednesday, delivered adjusted Q4 EPS of $0.95 versus the $0.80 analysts expected and reported revenue of $4.61 billion, slightly above consensus.
- The quarter’s outperformance came from higher adjusted operating income, a more favorable effective tax rate, and a reduced share count that boosted per-share results.
- Management set fiscal 2027 guidance for adjusted EPS of $3.00 to $3.20 and forecast organic net sales between a 1.5% decline and a 0.5% gain, signaling muted top-line expectations.
- The company announced a plan to realize $3 billion in cumulative cost efficiencies by fiscal 2030 to free funds for brand refreshes and new product investment.
- Shares rose about 4% in premarket trading on the news but remain roughly 25% lower year-to-date as investors weigh stronger margins against lingering weak sales momentum and shifting consumer food choices.