On July 1, General Mills rose 5.11% in pre-market trading, trading at approximately $36.40/share, with turnover of $1.19 million. The surge was driven by the company's fiscal Q4 results that substantially exceeded Wall Street forecasts.

General Mills reported adjusted EPS of $0.95, beating the consensus estimate of $0.80 by 18.75% and representing a 28.38% year-over-year increase. Revenue came in at $4.610 billion, also surpassing the $4.595 billion estimate. The beat was particularly notable given that UBS and multiple other institutions had taken a pessimistic stance ahead of the report, with UBS projecting EPS as low as $0.77 and maintaining a sell rating with a $30 price target. Looking ahead, the company guided fiscal 2027 adjusted EPS of $3.00-$3.20, bracketing the FactSet consensus of $3.13, while targeting cumulative cost savings of at least $750 million. However, management cautioned that operating profit and EPS could face approximately 9 and 11 percentage point headwinds respectively in fiscal 2027.

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