On July 1, General Mills rose 9.25% in regular trading, trading at $36.88/share, with turnover of $148 million. The surge was driven by the company's fiscal Q4 earnings report released pre-market, which significantly exceeded Wall Street expectations.

General Mills reported fiscal Q4 adjusted earnings of $0.95 per diluted share, up 28.38% year-over-year from $0.74, beating the analyst consensus estimate of $0.80 by 18.75%. Net sales for the quarter ended May 31 came in at $4.61 billion, above the expected $4.595 billion. Notably, multiple institutions including UBS had held bearish views ahead of the report, with UBS forecasting EPS as low as $0.77 and maintaining a sell rating with a $30 target.

On a GAAP basis, General Mills recorded a $2.01 billion loss driven by $1.8 billion in non-cash impairment charges. The company issued FY2027 guidance with adjusted EPS of $3.00-$3.20, bracketing the $3.13 consensus. Strategically, management stated pricing investments are complete and future focus will shift to driving brand excellence. The North America Pet segment posted 4% sales growth led by double-digit cat food gains, while the retail segment declined 4%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)