These Analysts Revise Their Forecasts On General Mills After Q2 Results

Core Insights - General Mills Inc. reported second-quarter adjusted earnings per share of $1.10, exceeding the analyst consensus estimate of $1.03 [1] - The company's quarterly sales reached $4.86 billion, a 7% decline year over year, but still surpassed the expected $4.781 billion [1] - The company reaffirmed its fiscal 2026 outlook, indicating confidence in its operational strategies and growth plans [2] Company Performance - CEO Jeff Harmening highlighted the company's effective execution in a volatile environment, contributing to results that exceeded expectations [2] - Investments in "remarkability" have helped restore organic volume growth in North America Retail and enhanced competitiveness across segments [2] - Following the earnings announcement, General Mills shares increased by 0.4%, trading at $48.83 [2] Analyst Reactions - Bernstein analyst Alexia Howard maintained a Market Perform rating on General Mills, lowering the price target from $55 to $54 [4] - Wells Fargo analyst Chris Carey kept an Equal-Weight rating and raised the price target from $50 to $51 [4]