Shares of General Mills advanced on Wednesday after the company reported better-than-expected fourth-quarter profit and said it was focused on organic sales growth in fiscal 2027.

The cereal and packaged foods maker posted adjusted earnings of 95 cents a share for the fiscal fourth quarter, compared to 74 cents a year ago and above Wall Street's expectations for 80 cents. Revenue grew 1% to $4.6 billion, in line with the analyst consensus call for $4.59 billion, according to FactSet.

Looking ahead, General Mills said it was focused on bettering its organic sales results in fiscal 2027 and is targeting $3 billion in cost savings by fiscal 2030.

The company's outlook calls for fiscal 2027 earnings of $3 to $3.20 a share with organic net sales ranging from a 1.5% decline to 0.5% growth. Wall Street expects fiscal 2027 earnings of $3.13, according to FactSet.

General Mills stock rose 3.8% in premarket trading on Wednesday after closing down 4.3% to $34.80 on Tuesday. Shares have fallen 25% this year as the company has grappled with sluggish sales, increased cost pressure, and shifting consumer behavior.

Write to Kit Norton at kit.norton@barrons.com

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July 01, 2026 07:16 ET (11:16 GMT)

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