General Mills Inc. (NYSE: GIS) published better-than-expected second-quarter revenues and declared its financial 2026 outlook on Wednesday.
The business reported second-quarter adjusted revenues per share of $1.10, beating the expert agreement quote of $1.03. Quarterly sales of $4.86 billion (down 7% year over year) outmatched the Street view of $4.781 billion.
” Our group continued to carry out extremely well in an unstable operating environment, providing outcomes ahead of our expectations in the 2nd quarter,” stated General Mills Chairman and President Jeff Harmening. “Our financial investments in remarkability are working, assisting bring back natural volume development in The United States and Canada Retail this quarter and driving strong competitiveness throughout each of our sectors. With enhanced momentum in the very first half and self-confidence in our strategies to drive additional enhancement in the remainder of the year, we are declaring our full-year financial 2026 outlook.”
General Mills shares acquired 0.4% to trade at $48.83 on Thursday.
These experts made modifications to their rate targets on General Mills following revenues statement.
- Bernstein expert Alexia Howard preserved General Mills with a Market Perform and decreased the rate target from $55 to $54.
- Wells Fargo expert Chris Carey preserved the stock with an Equal-Weight ranking and raised the rate target from $50 to $51.
Thinking about purchasing GIS stock? Here’s what experts believe:
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