General Mills (GIS)

Consumer Staples · $18.3B market cap · SEC CIK 0000040704

Next reports on Dec 15, 2026, with analysts expecting $0.96 in earnings per share.

52-week range $31.18 to $49.59. 30% below its 52-week high and 11% above its low.

The case for GIS

• Free cash flow of 8.9% of its market value a year: a lot of cash for the price.
• Pays a 3.6% dividend while you wait.
• Moves less than the market (beta −0.04).

The case against

• Losing money over the last year: net margin −4.9%, return on equity −11%.
• Earnings per share down 66.8%.
• Down 25.6% over the past year.
• Long-term debt of $12.4B would take 6 years of operating cash flow to repay.
• Revenue slipped 4.5% on the year.
• Value is weak (29/100): no earnings to pay for, 1.0× sales, 8.9% free-cash yield.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• It is losing money, so it has no P/E; that counts against value rather than being skipped.
• Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.

The financials

The financials, five years deep

Pulled from General Mills's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What General Mills says it does

COMPANY OVERVIEW For 160 years , General Mills has been making food the world loves. We are a leading global manufacturer and marketer of branded consumer foods with more than 100 brands in 100 countries across six continents. In addition to our consolidated operations, we have 50 percent interests in two strategic joint ventures that manufacture and market food products sold in approximately 120 countries worldwide. We manage and review the financial results of our business under four operating segments: North America Retail; International; North America Pet; and North America Foodservice. See Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in Item 7 of this report for a description of our segments. We offer a variety of human and pet food products that provide great taste, nutrition, convenience, and value for consumers around the world. Our business is focused on the following large,…

Risk factors GIS lists in its 10-K

• The categories in which we participate are very competitive, and if we are not able to compete effectively, our results of
• operations could be adversely affected
• We may be unable to maintain our profit margins in the face of a consolidating retail environment
• Price changes for the commodities we depend on for raw materials, packaging, and energy may adversely affect our
• Concerns with the safety and quality of our products could cause consumers to avoid certain products or ingredients
• We may be unable to anticipate changes in consumer preferences and trends, which may result in decreased demand for our
• We may be unable to grow our market share or add products that are in faster growing and more profitable categories
• Our results may be negatively impacted if consumers do not maintain their favorable perception of our brands
• If we are not efficient in our production, our profitability could suffer as a result of the highly competitive environment in
• Disruption of our supply chain could adversely affect our business
• Our international operations are subject to political and economic risks
• Our business operations could be disrupted if our information technology systems fail to perform adequately or are breached
• Our failure to successfully integrate acquisitions into our existing operations could adversely affect our financial results
• If our products become adulterated, misbranded, or mislabeled, we might need to recall those items and may experience
• product liability claims if consumers or their pets are injured
• New regulations or regulatory-based claims could adversely affect our business
• Climate change and other sustainability matters could adversely affect our business
• Volatility in the market value of derivatives we use to manage exposures to fluctuations in commodity prices may cause
• volatility in our gross margins and net earnings
• Economic downturns could limit consumer demand for our products
• We have a substantial amount of indebtedness, which could limit financing and other options and in some cases adversely
• affect our ability to pay dividends
• Volatility in the securities markets, interest rates, and other factors could substantially increase our defined benefit pension,
• other postretirement benefit, and postemployment benefit costs
• A change in the assumptions regarding the future performance of our businesses or a different discount rate used to value our
• reporting units or our indefinite-lived intangible assets could negatively affect our consolidated results of operations and net
• Old El Paso, Tiki Pets, Progresso, Annie’s

Filings

Other Consumer Staples companies