General Mills' Q1 Beat Fails to Ease Concerns Over Path to Growth, UBS Securities Says

MT newswire2026/09/24 16:20

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12:20 PM EDT, 09/24/2026 (MT Newswires) -- General Mills' (GIS) Q1 beat does not materially alter investor concerns about the company returning to sustainable organic growth in a challenged consumer environment, UBS Securities said in a note Wednesday. While North America retail consumption and market share trends have improved sequentially, the company's commentary suggests a gradual recovery that will be driven primarily by improved pricing rather than a meaningful volume inflection, according to the note. The investment firm said it now expects Q2 earnings per share of $0.90, down from previous expectation of $0.99, and fiscal 2027 EPS of $3.00, down from $3.01 previously. Fiscal 2027 organic sales are projected to decline 0.1%, the firm added. UBS maintained its sell rating on the stock, with a $33 price target. Shares of General Mills were down more than 2% in Thursday trading. Price: 35.06, Change: -0.77, Percent Change: -2.14

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