General Mills, Inc. (GIS) earnings on September 23, 2026

Before the market opens Q2 2026

More General Mills, Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

General Mills rose 1% despite warning that inflation may affect future profits. The stock fell as much as 2.6% during the day before recovering.

GIS price around the earnings

35.82

Change: +1.0%

2026-09-23, 20:00 UTC

Start of the measured window End of the measured window
34.57 35.08 35.59 36.10 35.46
Price series around the eventClosing price per minute from before the event to the end of the measured window.
September 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published

Sharp decline, split analyst views, weak guidance

The stock has been declining sharply while the broader market rises, and analysts are split on what comes next. Recent guidance fell short of expectations, adding to the caution.

Context analyzed before publication

Summary
Sharp decline, split analyst views, weak guidance
Playbook
The price dropped 11% over the past month while the S&P 500 gained 1%. The stock cases 31% below its 52-week high, and recent quarterly results beat expectations but the outlook disappointed.
Trend
Expert sentiment deteriorating over five sessions

Analysts

Drivers

  • Analysts Neutral

    One analyst recommends buying while another recommends holding, showing divided opinion

Evidence

Analyst moves in the last 60 days
3
  • Strong buy: 3
  • Buy: 1
  • Hold: 12
  • Sell: 2
  • Strong sell: 2
Strong buy
3
Buy
1
Hold
12
Sell
2
Strong sell
2
  • September 21, 2026 · RBC Capital: Reiterates rating (Outperform → Outperform)
  • September 14, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • September 1, 2026 · B of A Securities: Maintains rating (Neutral → Neutral)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
Messages
30
News
Sources (6)

Technicals

Drivers

  • Technical Negative

    30-day price trend lags behind the market by over 12 percentage points; stock sits 31% below its yearly high

Evidence

Price when the context was analyzed
35.49
Average true range (ATR)
2.7%
Distance to 52-week high
-26.4%
14-day change (14d)
-5.9%
30-day change (32d)
-11.2%
30-day relative strength
-12.3%
SPY change (32d)
+1.0%
Nearest support
35.42
Distance to nearest support
0.2%
Nearest resistance
35.62
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
0.87
  • Mid: 35.42 (0.2% away, 0.07 ATR, 21 touches)
  • Minor: 35.28 (0.6% away, 0.21 ATR, 7 touches)
  • Minor: 35.1 (1.1% away, 0.39 ATR, 1 touches)
  • Mid: 35.62 (0.4% away, 0.14 ATR, 13 touches)
  • Mid: 35.91 (1.2% away, 0.44 ATR, 19 touches)
  • Mid: 36.1 (1.7% away, 0.64 ATR, 8 touches)

Trends

Evidence

Average earnings surprise
+4.9%
  • July 1, 2026: actual EPS 0.95 vs estimate 0.8 (surprise +19.2%)
  • March 18, 2026: actual EPS 0.64 vs estimate 0.73 (surprise -12.1%)
  • December 17, 2025: actual EPS 1.1 vs estimate 1.03 (surprise +7.1%)
  • September 17, 2025: actual EPS 0.86 vs estimate 0.82 (surprise +5.5%)

Expected move

Drivers

  • Past earnings Positive

    Last quarterly report exceeded expectations by 19%, though historical performance has been inconsistent

Implied move
+1.9%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.4%
75th percentile move
4.7%
90th percentile move
5.8%
Up / down moves
9 / 10
Average up move
+3.9%
Average down move
-3.6%

Monitoring and close

What General Mills, Inc. reported

Status
Finished
Actual EPS0.75
EPS estimate0.72
EPS surprise+4.5%

General Mills' Q1 fiscal 2027 earnings topped estimates with EPS of $0.75 vs $0.72 expected, though higher input costs pressured margins and the company kept a cautious full-year outlook.

Sources (27)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Partial
Consolidated
+1.0%
Max favorable move (MFE)
2.6%
Max adverse move (MAE)
2.1%