
General Mills (GIS) Stock Forecast & Price Target
General Mills (GIS) Analyst Ratings
Bulls say
General Mills has demonstrated resilience in the face of economic challenges, benefiting from pantry-loading dynamics during the COVID-19 pandemic and successfully implementing price increases amidst inflationary pressures. The company's pet segment has shown noteworthy organic growth, exceeding expectations, while its overall North American retail net sales have outperformed Nielsen data, indicating strong performance across various sales channels. Looking ahead, General Mills is poised for potential growth driven by a revitalized innovation pipeline, reacceleration in core business performance, and continued strength in the at-home eating segment, enhancing the prospects for both sales and earnings growth.
Bears say
General Mills is facing a negative outlook due to a significant reduction in its organic growth estimate for the third quarter, now projected at -3.1%, alongside expected earnings per share (EPS) of $0.96, which aligns with consensus expectations but reflects underlying weakness. The company is also experiencing pressure from declining dollar sales, as reported by Circana, with inventory challenges further exacerbating the situation in its North American sales. Additionally, international operations are not providing relief, with anticipated weakness ahead amidst unfavorable macroeconomic conditions and competitive pressures leading to a downward revision of future EPS estimates for fiscal years 2025 and 2026.
This aggregate rating is based on analysts' research of General Mills and is not a guaranteed prediction by Public.com or investment advice.
General Mills (GIS) Analyst Forecast & Price Prediction
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