General Mills shares appear to have bottomed in early 2026, trading below 10 times trailing earnings with a 6.5% dividend yield and improving cash flow. Fiscal fourth quarter 2026 adjusted earnings per share of 95 cents grew 27% year over year, surpassing consensus estimates by more than 1,500 basis points despite mixed segment results. A $3 billion cost-saving initiative targeting up to $750 million in savings and ongoing share buybacks are intended to support earnings and capital returns going forward. Organic sales were flat year over year, with price and mix offsetting volume declines, while North American Retail contracted 4%. The company forecasts fiscal 2027 adjusted earnings per share of $3.10 at the midpoint, aligned with consensus, and expects organic sales to be flattish to slightly down.
General Mills IncShares bottoming at low P/E, 6.5% yield, earnings beat, cost savings, buybacks, and aligned guidance all point to a financial/valuation turnaround.