General Mills (GIS) is the Benchmark of Bad, Says Jim Cramer

Core Viewpoint - General Mills, Inc. (NYSE:GIS) is facing significant challenges, with a notable decline in share price and a downward revision of fiscal year 2026 estimates, indicating a tough outlook for the company [2]. Financial Performance - General Mills' shares have decreased by 26% over the past year and by 2.4% year-to-date [2]. - The company has revised its annual sales drop guidance to a range of 1.5% to 2%, a shift from the previous estimate of a 1% drop to a 1% growth [2]. - Operating profit and earnings per share are now expected to decline by 16% to 20%, compared to the earlier forecast of a 10% to 15% drop [2]. Analyst Reactions - Bank of America has lowered its price target for General Mills from $61 to $55 while maintaining a Buy rating, suggesting that the current valuation reflects short-term pressures in the North American retail market [2]. - Bernstein also reduced its price target for General Mills from $54 to $53, keeping a Market Perform rating [2]. Market Commentary - Jim Cramer referred to General Mills as the "benchmark of bad," indicating a negative perception of the company's current situation [3].