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General Mills (GIS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Sep 23, 2026

Before Open (Confirmed)

Period Ending

2027 (Q1)

Consensus EPS Forecast

0.72

Last Year’s EPS

0.86

Same Quarter Last Year

Analyst Consensus

Hold

Based on 16 Analysts Ratings

Earnings Call Summary

Q4 2026

Earnings Call Date:Jul 01, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced picture: management highlighted meaningful tactical and strategic improvements (household penetration recovery, brand innovations, early category stabilization and a $3B transformation target with $750M in FY27) that support confidence in a better FY27. However, notable near‑term headwinds remain — a pressured consumer, Totino's and Wilderness execution issues, shipment timing and net inflation — which temper the outlook. Execution of innovation, price/mix strategies and the transformation program will be critical to turn the improvements into sustained top‑line growth.

Company Guidance

Management framed fiscal 2027 guidance around a plan that assumes net inflation of roughly 4–5% (modeling about $100/ barrel oil on the uncovered portion and conversion cost tied to lagging PPI, with ~8–9 months of coverage), delivery of $3.0 billion cumulative cost savings through fiscal 2030 (≈$2.0B from Holistic Margin Management and ≈$1.0B from the Global Transformation Initiative and other actions), including $750 million of savings expected in FY27, and modest price/mix accretion (driven largely by mix from innovation/renovation). They expect categories to track roughly in line with FY26 (North America Retail ~flat in dollars), but flagged near‑term headwinds: Q1 shipment‑timing pressure in pet, a FY26 comparison headwind from the yogurt divestiture, and an assumed low‑single‑digit FY27 headwind from retail inventory/customer mix (customer mix drove a ~2‑point Q4 gap and ~4‑point full‑year gap between organic sales and retail sales). Management noted improving underlying footprints—household penetration and base volume are up (~base +1% vs. last year’s ~10% trough), specific brand metrics (Cheerios Protein ≈$100M, Love Made Fresh +80% in the quarter, pet retail sales +1%)—and said inflation pressure should be most negative early in the year and progressively improve into Q2–Q3 as savings ramp.

Household Penetration and Base Volume Recovery

General Mills reported household penetration increased for the first time in several years and base volume (the part of the business where they invested on price) improved to ~+1% after being down ~10% prior to the FY26 pricing actions; pound share in North America Retail (NAR) also increased.

Notable Brand Innovation Wins

Several innovations and renovated SKUs showed strong performance: Cheerios Protein has grown into an approximately $100M business; Love Made Fresh sales were up ~80% in the last quarter versus its prior level; new Totino's innovations (Blasted Rolls, Ultimate Pizza) and other renovations are showing early improvement.

Pet and International Strength

Pet retail sales finished the year up ~1% with strong cat growth (Tiki Cat performing well); international brands such as Häagen-Dazs have returned to growth, supporting overall portfolio resilience.

Improving Trends in Key Frozen/Snack Categories

Operational improvements showed early wins: hot snacks trends improved by ~1 point and pizza trends improved by ~5 points into June, indicating stabilization in areas that were previously underperforming.

Ambitious Cost Savings and Transformation Plan

Management expects $3.0B in cumulative cost savings through FY2030, with $750M targeted in FY27. Approximately $2.0B is expected from Holistic Margin Management (HMM) and ~$1.0B from the Global Transformation Initiative (GTI) and other actions, intended to offset inflation and fund growth investments.

Strategic Pivot to Innovation, Renovation and Mix

With base pricing largely completed, the company is shifting toward innovation, packaging renovation, brand communication and a stronger emphasis on price/mix and premium innovation to drive top-line growth and better price mix.

Disciplined Capital Allocation

Management reiterated focus on cash flow, deleveraging and restoring profitable organic growth; M&A remains an 'always on' capability but the acquisition bar is high, prioritizing organic growth first.

Inflation Assumptions and Hedging Position

Guidance assumes net inflation of ~4%–5% (includes tariff expectations) with an oil price assumption near $100/barrel on the uncovered portion; the company reports coverage/hedges for ~8–9 months, limiting uncovered exposure.

General Mills (GIS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GIS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 23, 2026	2027 (Q1)	0.72 / -	0.86	―	―	―
Jul 01, 2026	2026 (Q4)	0.80 / 0.95	0.74	28.38% (+0.21)
Mar 18, 2026	2026 (Q3)	0.73 / 0.64	1	-36.00% (-0.36)
Dec 17, 2025	2026 (Q2)	1.03 / 1.10	1.4	-21.43% (-0.30)
Sep 17, 2025	2026 (Q1)	0.82 / 0.86	1.07	-19.63% (-0.21)
Jun 25, 2025	2025 (Q4)	0.71 / 0.74	1.01	-26.73% (-0.27)
Mar 19, 2025	2025 (Q3)	0.96 / 1.00	1.17	-14.53% (-0.17)
Dec 18, 2024	2025 (Q2)	1.22 / 1.40	1.25	12.00% (+0.15)
Sep 18, 2024	2025 (Q1)	1.06 / 1.07	1.09	-1.83% (-0.02)	―
Jun 26, 2024	2024 (Q4)	0.99 / 1.01	1.12	-9.82% (-0.11)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GIS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 01, 2026	$34.21	$37.13	+8.54%
Mar 18, 2026	$37.45	$36.34	-2.97%
Dec 17, 2025	$44.82	$46.34	+3.38%
Sep 17, 2025	$46.66	$46.30	-0.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.