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GIS · NYSE

General Mills, Inc.

Packaged Foods · United States

USD 34.751.3% daily changeQuote 2026-11-02 · USD
Market cap (USD)
US$18.58B
Trailing P/E
—
Forward P/E
11.02x
Quarterly revenue growth
-2.8%
Trailing net margin
-4.9%
Indicated dividend yield
7.0%

Snapshot 2026-11-03 · Latest financial period 2026-08-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-12-23 (provider estimate; issuer confirmation unavailable here).

Company background

General Mills, Inc. manufactures and markets branded consumer food in the United States and internationally. The company operates through four segments: North America Retail; International; North America Pet; and North America Foodservice. It offers snacks, including grain, fruit and savory snacks, nutrition bars, and frozen hot snacks; ready-to-eat cereal; convenient meals comprising meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast, and frozen entrees; wholesome natural pet food; refrigerated and frozen dough; baking mixes and ingredients; and ice cream products. The company also offers dog and cat food, such as dry food, wet food, fresh food, and treats. In addition, it operates 232 and franchises 376 ice cream parlors. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Dunkaroos, Edgard & Cooper, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Tastefuls, Tiki Pets, Total, Totino's, Trix, True Solutions, Wanchai Ferry, Wheaties, Wilderness, and Yoki brands. It sells its products to grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores. The company was founded in 1866 and is headquartered in Minneapolis, Minnesota.

Company website

Q1 FY2027

Go beyond the headline.

GIS Stock: Flat Sales Hide a $99M Profit Gap — Q1 FY2027

Published 2026-09-23

Q1 FY2027 REPORT HIGHLIGHTS

What’s changed for GIS

Retail and Pet lost $99 million of segment profit despite flat company organic sales; our $37 valuation needs better volume, margins and cash conversion.

  1. Stabilization is uneven.

    Flat total organic sales include a three percent Retail decline and flat Pet sales with a six-point volume decline.

  2. The profit gap is domestic.

    Retail and Pet lost a combined $99M of segment profit; Foodservice and International added only $18.3M.

  3. The GAAP headline is distorted.

    The prior year included a $1,054.4M disposal gain; adjusted operating profit still fell 10.9%.

  4. Cash needs a seasonal recovery.

    First-quarter FCF was $207.3M, or 51.4% of adjusted net earnings, against a roughly 95% full-year conversion target.

  5. Our valuation leaves little cushion.

    Three routes produce $36.31–$37.20 per share; the $37 base and $36 weighted value support HOLD at the $35.74 reference quote.

Comparable businesses

GIS peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricGISGeneral Mills, Inc.Snapshot 2026-11-03Financial period: 2026-08-30SJMThe J. M. Smucker CompanySnapshot 2026-11-03Financial period: 2026-07-31KHCThe Kraft Heinz CompanySnapshot 2026-11-03Financial period: 2026-06-27Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$18.58BUS$14.03BUS$29.56BUS$21.80Bn=2
Forward P/EProvider forward earnings estimate11.02x11.95x11.98x11.96xn=2
EV / EBITDAEnterprise value / trailing EBITDA9.30x9.24x8.38x8.81xn=2
Revenue growthLatest quarter vs prior-year quarter-2.8%5.0%-1.4%1.8%n=2
Operating marginLatest reported quarter15.2%17.9%15.5%16.7%n=2
Free cash flow yieldTrailing cash flow / market cap7.0%10.4%11.0%10.7%n=2
Net debt / EBITDANet debt / trailing EBITDA3.86x3.05x2.97x3.01xn=2
Debt / equityTotal debt / positive book equity1.82x1.21x0.53x0.87xn=2
Trailing P/ETrailing twelve-month earnings—61.38x——
Price / bookPrice / positive book equity per share2.49x2.44x0.82x1.63xn=2
EV / salesEnterprise value / trailing revenue1.74x2.29x1.85x2.07xn=2
Earnings growthLatest quarter vs prior-year quarter-66.7%———
Gross marginTrailing twelve months33.7%38.0%33.5%35.7%n=2
Net marginTrailing twelve months-4.9%2.5%-13.6%-5.6%n=2
Return on equityProvider trailing return; positive equity only-10.5%3.9%-8.8%-2.4%n=2
Free cash flow marginTrailing free cash flow / revenue7.1%16.0%13.1%14.5%n=2
Dividend yieldIndicated annual dividend / price7.0%3.4%6.4%4.9%n=2
Earnings payoutProvider trailing dividend payout59.4%205.6%73.1%139.3%n=2
Current ratioCurrent assets / current liabilities0.70x0.87x1.06x0.97xn=2
BetaProvider historical market sensitivity-0.010.250.100.18n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for GIS

All available reporting periods
Q1 FY20272026-09-23
Q4 FY20262026-07-08

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.