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General Mills' Q3 Earnings Miss Estimates; Analysts Cut Price Targets

Mar 19, 2026, 12:12 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Missed EPS targets usually lead to immediate negative market reactions; GIS's downtrend reflects investor concerns. A historical example includes Kraft Heinz's earnings misses leading to sustained stock price declines.

AI summary

What happened, with direct paths to the underlying reporting

General Mills reported weaker-than-expected Q3 earnings, with EPS of 64 cents, below estimates. Despite an 8% sales decline, the company maintained its full-year adjusted EPS outlook of $3.37 to $3.54, indicating cautious optimism in performance recovery.

  • GIS reported Q3 adjusted EPS at 64 cents, missing estimates.
  • Quarterly sales were $4.437 billion, down 8% year-over-year.
  • CEO noted sales and earnings declines due to previous investments and divestitures.
  • Full-year adjusted EPS guidance remains unchanged at $3.37 to $3.54.
  • Analysts revised price targets down; Stifel to $44, RBC to $55.

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