Financial Data and Key Metrics Changes - Reported net sales for Q2 were $4.9 billion, down 7%, with a 6-point headwind from divestitures and acquisitions [23] - Organic net sales decreased by 1%, while organic volume was flat, showing sequential improvement from Q1 [25] - Adjusted operating profit was $848 million, down 20% in constant currency, primarily due to lower volume and higher input costs [24][30] - Adjusted diluted earnings per share totaled $1.10, down 21% in constant currency [24] Business Line Data and Key Metrics Changes - North America Retail organic net sales were down 3%, driven by unfavorable price mix, but organic volume growth modestly outpaced Nielsen measured retail volume growth [25] - North America Pet segment saw a net sales increase of 11%, with organic net sales up 1%, driven by favorable price mix [26] - North America Foodservice organic net sales were flat, with growth in frozen baked goods and cereal offset by a decline in bakery flour [27] - International segment organic net sales increased by 4%, led by growth in Brazil, China, India, and North Asia [28] Market Data and Key Metrics Changes - In North America Retail, the company held or grew pound share in eight of its top 10 U.S. categories [8][25] - The North America Pet segment experienced mid-single-digit growth in cat feeding, while dog feeding results were mixed [16] - The international segment held or grew dollar share in 54% of priority businesses, with strong performance from Häagen-Dazs and Nature Valley [28] Company Strategy and Development Direction - The company is focused on enhancing the "Remarkability" of its brands to restore organic sales growth [3] - Key priorities include returning North America retail to volume growth, accelerating North America pet growth, and driving efficiencies to fund investments [5][6] - The Remarkable Experience Framework guides brand investment decisions, focusing on product, packaging, brand communications, omnichannel execution, and value [6][10] Management's Comments on Operating Environment and Future Outlook - Management noted a change in consumer behavior, with lower and middle-income consumers increasingly making food purchases on promotion [9] - The company remains confident in its strategy to deliver more value to consumers amid economic pressures [10] - Fiscal 2026 guidance was reaffirmed, with expectations for improved organic net sales in the second half [32][33] Other Important Information - The adjusted gross margin was 34.8% of net sales, down 150 basis points due to higher input costs [29] - Capital investments in the first half totaled $253 million, with $659 million paid in dividends [31] Q&A Session Summary Question: What are the expectations for organic net sales in the second half of fiscal 2026? - The company expects improved organic net sales driven by the expanded impact of remarkability investments and favorable trade timing benefits in Q4 [32] Question: How is the company addressing the challenges in the North America Pet segment? - The company is focusing on strengthening the core Blue Buffalo business and driving growth through new product launches like Love Made Fresh [18] Question: What are the anticipated impacts of divestitures on future performance? - The divestitures are expected to continue to pose headwinds, but the company is managing these impacts through strategic investments and operational efficiencies [24][30]

Core Insights - U.S. stock futures are trading mixed, with several companies expected to report earnings today [1] Company Summaries - **Jabil Inc. (NYSE:JBL)**: Expected to report quarterly earnings of $2.69 per share on revenue of $8.07 billion. Shares gained 1.4% to $215.50 in after-hours trading [1] - **Children's Place Inc. (NASDAQ:PLCE)**: Reported worse-than-expected third-quarter results with losses of 18 cents per share against an estimate of 70 cents per share. Quarterly sales were $339.466 million, missing the estimate of $370.290 million. Shares fell 32.1% to $4.99 in after-hours trading [1] - **General Mills Inc. (NYSE:GIS)**: Analysts expect quarterly earnings of $1.02 per share on revenue of $4.78 billion. Shares rose 0.4% to $47.19 in after-hours trading [1] - **Lennar Corp (NYSE:LEN)**: Reported fourth-quarter revenue of $9.37 billion, exceeding estimates of $9.02 billion. Adjusted earnings were $2.03 per share, missing estimates of $2.21 per share. Shares fell 4.1% to $112.74 in after-hours trading [1] - **Micron Technology Inc. (NASDAQ:MU)**: Expected to report quarterly earnings of $3.93 per share on revenue of $12.81 billion. Shares rose 0.3% to $233.21 in after-hours trading [1]

Core Viewpoint - General Mills, Inc. is experiencing fluctuations in its consensus price target, reflecting changing analyst expectations in a competitive food market [1][2] Price Target Summary - The average price target for General Mills increased to $51 from $50.5 in the previous quarter but decreased from $53 last year, indicating a shift in analyst expectations [2] - Analyst Christopher Growe from Stifel Nicolaus has set a more optimistic price target of $64 for the stock, suggesting a divergence from the consensus [3] Earnings and Market Conditions - General Mills is scheduled to announce its second-quarter earnings results on December 17, with analysts predicting a decline in earnings, which may have influenced recent adjustments in price targets [2][3] - The company faces challenges related to sales and margins due to price resets and costs from launching new pet products, yet there are signs of improvement in volumes and brand health [4]

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General Mills, Inc. (NYSE:GIS) will release earnings results for its second quarter before the opening bell on Wednesday, Dec. 17.Analysts expect the company to report quarterly earnings at $1.02 per share, down from $1.40 per share in the year-ago period. The consensus estimate for General Mills’ quarterly revenue is $4.78 billion. Last year, it reported $5.24 billion in revenue, according to Benzinga Pro.Some investors may be eyeing potential gains from the company's dividends, too. As of now, General Mil ...

General Mills, Inc. (NYSE:GIS) is included among the 13 Best Blue Chip Stocks to Buy Under $50. Jefferies Cuts General Mills (GIS) Target to $47 as Volumes Begin to Improve On December 11, Jefferies analyst Scott Marks cut his price target on General Mills, Inc. (NYSE:GIS) to $47 from $50 and maintained a Hold rating. He said US tracked channel data shows the company’s recent price investments are “working,” since both retail sales and volumes have started to pick up. The firm sees room for the trend to ...

General Mills, Inc. (NYSE:GIS) will release earnings results for its second quarter before the opening bell on Wednesday, Dec. 17.Analysts expect the Saint Petersburg, Florida-based company to report quarterly earnings at $1.02 per share, down from $1.40 per share in the year-ago period. The consensus estimate for General Mills' quarterly revenue is $4.78 billion. Last year, it reported $5.24 billion in revenue, according to Benzinga Pro.On Oct. 14, General Mill reaffirmed long-term growth targets and fisca ...

Core Viewpoint - General Mills is experiencing challenges in the consumer staples sector, but this weakness may present a buying opportunity for long-term investors [1] Group 1: Company Performance - General Mills has seen a significant decline of 27.19% in its stock price over the past year, contributing to its underperformance compared to the S&P 500 [2] - The company is actively making price investments across its brands to stimulate demand, which has resulted in improved sales and volumes [4] - The ready-to-eat cereal market, where General Mills is a key player, is not a high-growth segment, and consumer preferences are shifting away from traditional cereals [6] Group 2: Brand Strength and Market Position - General Mills owns strong brands like Nature Valley, which holds nearly 25% of the domestic cereal bar market, catering to the changing preferences of on-the-go families [6] - The company also leads in the pet food market with its Blue Buffalo brand, which is known for its strong brand loyalty among pet owners [7] Group 3: Financial Metrics and Dividend Policy - General Mills has a market capitalization of $25 billion and a current dividend yield of 5.34%, making it attractive compared to other S&P 500 companies [9][10] - The company's payout ratio is 58%, and its annual dividend obligations consume less than 80% of free cash flow, indicating a stable dividend policy [11] - With 40% of its debt maturing in the coming years, General Mills aims to strengthen its balance sheet while supporting long-term dividend growth [11]

Core Viewpoint - General Mills is expected to report a significant decline in quarterly earnings and revenues, indicating a challenging financial period ahead [1]. Financial Performance Estimates - The anticipated earnings per share (EPS) for General Mills is $1.02, reflecting a 27.1% decrease compared to the same quarter last year [1]. - Revenue forecasts stand at $4.78 billion, which represents an 8.8% decline year over year [1]. - There has been a slight downward revision of 0.1% in the consensus EPS estimate over the past 30 days, indicating a reappraisal by analysts [1]. Segment-Specific Sales Estimates - Analysts predict 'Net Sales- North America Foodservice' to be $591.85 million, down 6.1% from the prior-year quarter [4]. - 'Net Sales- International' is expected to reach $709.94 million, showing a year-over-year increase of 2.8% [4]. - 'Net Sales- North America Pet' is projected at $652.01 million, reflecting a 9.4% increase from the previous year [4]. - The consensus estimate for 'Net Sales- North America Retail' is $2.84 billion, indicating a 14.6% decline year over year [5]. Profitability Estimates - 'Operating Profit- North America Retail' is expected to be $649.77 million, down from $862.30 million in the previous year [5]. - Analysts estimate 'Operating Profit- International' at $18.24 million, compared to $23.80 million last year [5]. - 'Operating Profit- North America Pet' is projected to be $125.77 million, down from $139.30 million [6]. - 'Operating Profit- North America Foodservice' is expected to reach $110.90 million, compared to $118.50 million in the prior year [6]. Market Performance - Over the past month, General Mills shares have decreased by 2.3%, while the Zacks S&P 500 composite has increased by 0.9% [6]. - General Mills currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6].

Core Viewpoint - General Mills, Inc. is facing a downward revision in its stock price target and is expected to report a decline in earnings and revenues in the upcoming quarter [1][3]. Company Overview - General Mills is a leading global food company known for brands like Cheerios and Yoplait, competing in the consumer packaged goods industry against companies like Kellogg's and Nestlé [1]. - The company has a market capitalization of approximately $25.42 billion and a trading volume of 4,693,176 shares [5]. Stock Performance - As of the announcement, General Mills' stock was trading at $46.32, which is 1.47% below the new price target of $47 set by Jefferies [2]. - The stock has fluctuated between $45.82 and $46.70 during the day's trading, currently priced at $46.24, reflecting a 1.15% increase today, or $0.53 [2][5]. - Over the past year, the stock has seen a high of $67.35 and a low of $45.15, indicating significant volatility [5]. Earnings Outlook - Analysts expect a decline in earnings and revenues for the quarter ending November 2025, with the upcoming earnings report set for December 17 being crucial for the stock's price movement [3]. - Management will address business conditions during the earnings call, which will be key in evaluating the sustainability of any immediate price changes [4]. - Investors are particularly interested in any signs of a positive earnings per share (EPS) surprise, which could boost the stock's performance [4].