General Mills (NYSE: GIS) will release its first-quarter earnings before the market opens on Wednesday, Sept. 23. The Minneapolis-based food manufacturer faces expectations for a decline in profitability compared to the prior year period.

Analysts project quarterly earnings per share (EPS) of 72 cents, a decrease from the 86 cents reported in the year-ago period. Consensus estimates place quarterly revenue at $4.34 billion, down from the $4.52 billion logged last year.

Guidance and Market Reaction

On Sept. 8, General Mills affirmed its FY2027 adjusted EPS guidance range of $3.00-$3.20. Following the affirmation, shares gained 0.3% to close at $36.58 on Tuesday.

What the Numbers Show

The consensus estimates indicate a synchronized contraction in both top-line and bottom-line metrics. Revenue is expected to fall by approximately 4% year-over-year, while EPS is projected to decline by roughly 16%. This divergence suggests that the drop in earnings is not solely driven by lower sales volume but may also reflect margin compression or increased costs, as the percentage decline in profit significantly outpaces the decline in revenue.

Recent Analyst Actions

Several analysts have recently adjusted their ratings and price targets for General Mills. The following table summarizes recent changes from tracked analysts:

Evercore ISI Group’s David Palmer cut his price target to $38 on Sept. 14, 2026, maintaining an In-Line rating. Conversely, B of A Securities’ Peter Galbo raised his target to $43 on Sept. 1, 2026, while keeping a Neutral stance. Earlier in July, analysts from JP Morgan, Deutsche Bank, and TD Cowen all maintained their respective Underweight and Hold ratings while modestly increasing their price targets.

General Mills, ADM and Walmart announced a strategic collaboration to accelerate regenerative agriculture across 40,000 Midwest wheat acres. The initiative aims to improve soil health, water quality and carbon sequestration within the shared value chain. This partnership strengthens supply chain resilience and supports farming communities in key wheat-growing regions where General Mills sources wheat from ADM for products sold through Walmart and Sam’s Club.

The program provides farmers with technical assistance and financial incentives to adopt practices such as no-till and cover crops. Facilitated on the ground by ADM, the initiative seeks to address early barriers to adoption and encourage broader participation. Initial projects will receive technical support from American Farmland Trust and Ducks Unlimited to deliver demonstrable environmental outcomes.

Strategic Goals and Commitments

In 2023, General Mills and Walmart committed to advance regenerative agriculture across 600,000 shared acres by 2030. Programs are currently underway across more than 560,000 wheat acres in the U.S. ADM, managing nearly 5 million regenerative acres globally, has joined the effort to accelerate progress specifically in Illinois, Indiana and Missouri.

Value Chain Collaboration

Jay Watson, senior director of sustainability at General Mills, emphasized the importance of collective action across the value chain. He stated that focusing on wheat-growing regions supports brands like Pillsbury, Betty Crocker and Totino’s while bolstering farmer livelihoods. Katherine Pickus, chief sustainability officer at ADM, highlighted that partnerships bridge the gap for farmers to adopt regenerative practices and build farm resilience.

Mikel Hancock, senior director of strategic initiatives and sustainability at Walmart Inc., noted the unique shared value approach of the project. He explained that the key component is driving economic resiliency within farms to ensure long-term supply resilience for customers and members. The collaboration builds on existing commitments to drive broader industry change and protect soil health for the future of agriculture.