General Mills (GIS) Stock Forecast & Price Target

General Mills is positioned for improved volume trends and profit growth due to strategic investments in price gap management and innovation, particularly as it begins to lap these investments in late fiscal year 2026. The company has already observed a 3-point volume benefit from increased retailer inventory in anticipation of in-market activations, indicating positive momentum in its sales channels. With modest growth across its product categories and improved market share performance, General Mills is expected to sustain stronger and more sustainable growth moving forward.

General Mills has provided a disappointing fiscal 2026 outlook, forecasting organic sales growth between -1% and +1%, alongside a significant projected decline of 15% to 10% in both operating profit and earnings per share (EPS) on a constant currency basis. The company's anticipated reinvestment burden has led to a more severe EPS decline estimate than previously predicted, moving from a 6% decline expectation to the current range of -15% to -10%. Additionally, the company's shares experienced a notable decrease of 5.1%, underperforming relative to the S&P 500, indicating market concerns over the weaker-than-expected financial outlook.