General Mills has reaffirmed its financial outlook for fiscal year 2027 and provided a business update ahead of management's presentation at the 2026 Barclays Global Consumer Staples Conference. The company continues to expect organic net sales to decline 1.5% to rise 0.5%, adjusted operating profit to fall 8% to 13%, and free cash flow conversion of about 95% of adjusted after-tax earnings of $3.00 to $3.20 per share, compared with the consensus estimate of $3.08 per share. Guided by its Accelerate strategy, General Mills is investing in initiatives spanning products, packaging, brand communication, omnichannel execution, and consumer value. The company will report fiscal first-quarter results before the market opens on Wednesday, September 23, with analysts expecting adjusted earnings of $0.71 per share on $4.33 billion in sales. Shares moved modestly higher into the open, poised to break a five-day losing streak.
General Mills IncReaffirms FY27 guidance with adjusted EPS of $3.00-$3.20 vs consensus $3.08, but organic sales decline and operating profit fall expected.
