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General Mills Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $17.3B | |
|---|---|---|
| Revenue (ttm) | 18.3B | |
| Net income (ttm) | -894.8M | |
| EPS (ttm) | -$1.67 | |
| Shares out | 534.7M | |
| P/E (forward) | 11.6x | |
| Dividend | $2.44 (7.38%) | |
| Volume | 5,058,661 | |
| Beta | 0.02 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2022-05-29 | 2023-05-28 | 2024-05-26 | 2025-05-25 | 2026-05-31 | Trend |
| Revenue | $18.99B | $20.09B | $19.86B | $19.49B | $18.42B | -0.8% |
| Gross profit | $1.45B | $1.77B | $1.69B | $1.64B | $1.60B | +2.6% |
| Operating income | $3.48B | $3.43B | $3.43B | $3.30B | $885.8M | -28.9% |
| Net income | $2.71B | $2.59B | $2.50B | $2.30B | $-87.6M | — |
| EPS (diluted) | $4.42 | $4.31 | $4.31 | $4.10 | $-0.16 | — |
| EBITDA | $4.16B | $4.08B | $4.08B | $3.92B | $3.33B | -5.4% |
| R&D | $243.1M | $257.6M | $257.8M | $256.6M | $256.0M | +1.3% |
| SG&A | $3.15B | $3.50B | $3.26B | $3.45B | $3.39B | +1.9% |
Recent company headlines from major financial publishers.
Under the Base scenario, General Mills achieves steady operational stabilization following recent corporate charges. Core retail grocery demand levels off, while ongoing productivity programs offset customer promotional allowances. Segment operating margins across North America Retail hold firm, enabling consolidated earnings per share to inflect positively toward the historical baseline. This modal trajectory carries a target of $36.95, representing an implied return of 14.4% with an assigned probability of 55.0%. Falsification of this trajectory would occur if grocery volume contraction accelerates or retail margins drop beneath historical ranges during FY2027 or FY2028.
The Bull scenario envisions accelerated turnaround momentum spearheaded by reaccelerating volume in the Blue Buffalo pet portfolio, enhanced retail shelf space gains, and expanded international distribution. Operating leverage combines with supply chain efficiency gains to expand operating margins beyond initial expectations. This path yields a Potential value target of $39.43, offering an implied return of 22.1% with an assigned probability of 20.0%. Disconfirmation would emerge if premium pet food consumption decelerates or trade promotion concessions expand during the projection horizon.
| Ke ↓ / g → | 1.5% | 1.8% | 2.0% | 2.3% | 2.5% |
|---|---|---|---|---|---|
| 5.1% | $39.8 | $40.6 | $41.5 | $42.5 | $43.7 |
| 5.6% | $37.8 | $38.3 | $39.0 | $39.7 | $40.6 |
| 6.1% | $36.0 | $36.5 | $37.0 | $37.5 | $38.1 |
| 6.6% | $34.5 | $34.9 | $35.3 | $35.7 | $36.2 |
| 7.1% | $33.2 | $33.5 | $33.8 | $34.2 | $34.5 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
