Gear Up for General Mills (GIS) Q2 Earnings: Wall Street Estimates for Key Metrics

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].