General Mills Reaffirms Fiscal 2027 Profit Targets Amid Divestiture Headwinds
Dow Jones
Sep 23
General Mills reaffirmed full-year fiscal 2027 guidance, targeting adjusted diluted EPS of $3.00 to $3.20 and an adjusted operating profit decline of 8% to 13% in constant currency. The company faces an approximately 11-point EPS headwind from lapping a 5third week in fiscal 2026, normalizing incentive expense, and divestitures. First-quarter diluted EPS fell 67% to 74 cents, while adjusted diluted EPS declined 13% in constant currency to 75 cents. Chairman and CEO Jeff Harmening said the company is focused on product innovation centered on consumer benefits like protein, fiber, and bold flavors.
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