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General Mills (GIS) exceeded fiscal Q1 expectations with $4.51 billion in sales, surpassing estimates of $4.49 billion, despite a decline from $4.84 billion year-over-year. The earnings per share (EPS) was $0.86, beating expectations of $0.81 but down from $1.07 the previous year. The results were attributed to investments in targeted brands like Pillsbury and Blue Buffalo.
In trading on Thursday, both GIS and Kraft Heinz (KHC) shares gained over 1% but remain near their 52-week lows. General Mills’ sales projection for FY26 expects a 4% dip to $18.65 billion, with FY27 sales expected to slightly decrease to $18.59 billion. In contrast, Kraft anticipates a 2% sales decrease in FY25 to $25.24 billion but forecasts stabilization in FY26.
The annual earnings for General Mills are expected to decline by 13% in FY26 to $3.65 per share, while Kraft’s earnings are projected to fall 15% to $2.58 per share in FY25. Currently, Kraft offers an annual dividend yield of over 6%, while General Mills stands at 4.96%.
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