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

MT Newswires Live
Sep 25

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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