General Mills (GIS) Earnings Ahead: Analysts Expect Q3 Profit Decline, Stock Under Pressure

General Mills Inc. (GIS), with a $23.5 billion market cap, is set to release its fiscal Q3 2026 earnings. Analysts forecast a profit of $0.84 per share, down 16% from the prior year’s $1.00, reflecting softer demand and strategic shifts. Despite this, the company has consistently exceeded expectations in recent quarters. For fiscal 2026, analysts project an EPS of $3.65, a 13.3% drop from $4.21 in 2025. However, growth is expected to rebound in 2027, with EPS projected at $3.74, up 2.5% year over year. Over the past year, GIS stock fell 25%, lagging behind the S&P 500 Index ($SPX) and Consumer Staples Select Sector SPDR Fund (XLP). On December 17, shares rose 3.4% after reporting fiscal Q2 results, with revenue of $4.9 billion, down 7%. Adjusted EPS of $1.10 beat estimates, though margins declined due to cost pressures. Wall Street remains cautious, assigning a “Hold” rating, with only three analysts recommending a “Strong Buy.” The mean price target of $53.63 suggests a 20.5% upside potential.