General Mills lowered its sales and profit outlook for the fiscal year, as stressed consumers are buying fewer snacks and looking for more promotions. https://t.co/qpF0cqkZsl ...

Group 1 - General Mills has lowered its sales and profit outlook for the fiscal year due to stressed consumers buying fewer snacks and seeking more promotions [1]

General Mills 2026 Conference Summary Company Overview - **Company**: General Mills (NYSE: GIS) - **Industry**: Food and Beverage, specifically focusing on human food and pet food - **Market Position**: A $19 billion company with eight billion-dollar brands and leading positions across various categories [10][12] Core Messages 1. **Accelerate Strategy**: General Mills is executing its Accelerate Strategy, focusing on enhancing brand remarkability to restore organic sales growth [8][54] 2. **Growth Trends**: Progress has been made in North America Retail and North America Pet, although challenges remain in achieving growth goals [9][54] 3. **Fiscal 2026 Outlook**: The company has adjusted its outlook for fiscal 2026 due to a challenging consumer environment, expecting organic net sales to decline between 1.5% and 2% [17][54] Financial Performance - **Adjusted Operating Profit**: Expected to decline between 16% and 20% in constant currency for fiscal 2026 [17] - **Free Cash Flow**: Anticipated to convert at least 95% of adjusted after-tax earnings into free cash flow [17] - **Cost Savings**: Projected total cost savings of $600 million in fiscal 2026, aimed at offsetting input cost inflation and reinvesting in growth [17][50] Consumer Trends and Market Dynamics 1. **Changing Demographics**: Over 40% of food and beverage sales come from households over 55, with a growing multicultural consumer base [12] 2. **Value Focus**: Increased focus on value among middle and lower-income consumers due to cost of living pressures [12] 3. **Health and Wellness**: Evolving consumer priorities towards functional benefits in food, influenced by trends like GLP-1 medications [13] Innovation and Product Development - **Remarkability Framework**: A structured approach to enhance product, packaging, brand communication, omni-channel execution, and value [11] - **AI Integration**: Leveraging AI for product development and consumer insights, leading to a projected 25% increase in net sales from new products in fiscal 2026 [19][20] - **Product Launches**: New products targeting bold flavors, better-for-you benefits, and familiar comfort foods are expected to drive growth [20][30] Competitive Landscape - **Market Share Gains**: General Mills is gaining or holding share in eight of its top ten categories in North America Retail [24][27] - **Cereal and Pet Food Categories**: The cereal category is facing competition from protein offerings, while the pet food category is expected to grow due to the humanization trend [33][39] Strategic Initiatives 1. **Pricing Strategy**: Adjustments made to base prices across two-thirds of the North America Retail portfolio to improve competitiveness [28] 2. **Holistic Margin Management**: Aiming for 5% savings in fiscal 2026 through efficiency initiatives and supply chain digitization [50] 3. **Capital Allocation**: Focused on reinvesting in the business, maintaining dividends, and strategic acquisitions to enhance growth [52][53] Conclusion - General Mills is navigating a challenging macro environment while focusing on brand remarkability and innovation to drive long-term growth. The company remains committed to its strategic initiatives and is optimistic about future performance despite current headwinds [54][55]

General Mills's stock was set to fall after the full-year profit and sales outlook were lowered, as the consumer recovery has been slower and has cost more than expected. ...

CAGNY 2026 February 17, 2026 CAGNY 2026 February 17, 2026 Chairman and Chief Executive Officer Jeff Harmening 2 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements including the statements under the caption "Updated Fiscal 2026 Financial Outlook," and statements made by Mr. Harmening, Ms. Mc ...

每经AI快讯，2月17日，通用磨坊盘前跌近5%。 ...

通用磨坊现预计2026财年有机销售额将下降1.5%至2%；此前预计下降1%至增长1%。 本文源自：金融界AI电报 ...

General Mills cuts annual sales and profit forecast | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly [Purchase Licensing Rights, opens new tab]Feb 17 (Reuters) - General Mills [(GIS.N), opens new tab] on Tuesday cut its annual core net sales and profit forecasts, blaming weaker consumer sent ...

Core Insights - General Mills reported a 7% year-over-year decline in net sales for Q2 of fiscal year 2026, with net sales amounting to $4.861 billion. The company reaffirmed its full-year guidance, expecting organic net sales to range between -1% and 1% [1][2]. Performance Overview - The adjusted operating profit and earnings per share are projected to decline by 10% to 15% at constant exchange rates. Future performance will need to be monitored to see if the company meets its guidance targets [2]. Strategic Initiatives - General Mills is divesting non-core categories, such as the sale of its yogurt business in the U.S. and Canada, and reallocating resources towards high-margin areas like pet food. The company plans to increase new product innovation investment by 30% and boost marketing spending to drive organic growth. The North American retail segment saw a 13% revenue decline, while the pet food segment grew by 11%, indicating a need for ongoing observation of the transformation's effectiveness [3]. Operational Status - The company has optimized logistics and production processes through artificial intelligence, saving over $20 million in transportation costs since fiscal year 2024, with an expected annualized savings of over $50 million. However, the potential for further cost reductions is narrowing, necessitating a balance between short-term efficiency and long-term innovation investments [4]. Business Development - Due to a sluggish North American market, General Mills is accelerating its expansion into emerging markets such as Asia. For instance, adjustments are being made to the Häagen-Dazs store count in China, with the company seeking growth through product innovation and channel optimization. The international segment reported a 6% sales increase in Q2 of fiscal year 2026, but contributions from emerging markets still need validation [5]. Financial Movements - In the first half of fiscal year 2026, the company paid $659 million in dividends and repurchased $500 million in stock. Future attention will be required on the sustainability of the dividend policy and buyback plans [6].

Company Overview - General Mills, Inc. is a global manufacturer and marketer of branded consumer foods, founded in 1866 and based in Minneapolis, Minnesota, with a market capitalization of $25.5 billion [1] - The company operates through four segments: North America Retail, International, North America Pet, and North America Foodservice, offering products such as ready-to-eat cereals, convenient meals, and snacks under various brands [1] Stock Performance - Over the past year, General Mills shares have declined by 19.9%, while showing a year-to-date growth of 3% in 2026 [2] - In comparison, the S&P 500 Index has returned 14% over the past year and increased by 1.3% in 2026 [2] - The company's stock has underperformed the State Street Consumer Staples Select Sector SPDR ETF, which rose by 10.7% over the past 52 weeks and 13.2% this year [3] Financial Performance - General Mills has reported declining sales over the past two years, indicating a decrease in demand for its products, with revenue expected to remain flat over the next year according to Wall Street analysts [6] - For the fiscal year ending in May 2026, analysts anticipate a 13.3% year-over-year decline in adjusted EPS to $3.65 [7] - The company has a history of earnings surprises, having surpassed bottom-line estimates in each of the past four quarters [7] Analyst Ratings - General Mills currently holds a consensus "Hold" rating, with 20 analysts covering the stock, including three "Strong Buys," one "Moderate Buy," 13 "Holds," and three "Strong Sells" [7] - On January 5, Wells Fargo analyst Christopher Carey maintained a "Hold" rating and lowered the price target from $51 to $49 [8]