1124 ET - General Mills' outlook cut based on weak consumer sentiment is disappointing and shows that the food category remains challenged, say Mizuho analysts. The update from General Mills contrasts its prior optimism with pricing actions and marketing expected to generate growth. The new guidance now delays growth recovery to fiscal 2027. A Mizuho January survey suggests that the consumer "backdrop remains tough with a material share of consumers still featuring elevated intentions to buy on" promotion, the analysts say. "The conditions reinforce our cautious outlook for the Food space in CY26, with footing still difficult and valuations still challenged outside of macro rotation from tech/growth." (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

February 18, 2026 11:24 ET (16:24 GMT)

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