General Mills Future Growth

Future criteria checks 2/6

General Mills is forecast to grow earnings and revenue by 3.6% and 0.4% per annum respectively. EPS is expected to grow by 5.8% per annum. Return on equity is forecast to be 27.9% in 3 years.

Key information

3.6%

Earnings growth rate

5.8%

EPS growth rate

Food earnings growth	5.9%
Revenue growth rate	0.4%
Future return on equity	27.9%
Analyst coverage	Good
Last updated	14 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BRSE:GIS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
5/31/2027	19,993	2,660	2,953	3,508	11
5/31/2026	19,966	2,582	2,771	3,444	18
5/31/2025	19,956	2,491	2,674	3,662	18
8/25/2024	19,801	2,403	2,776	3,549	N/A
5/26/2024	19,857	2,497	2,529	3,303	N/A
2/25/2024	20,173	2,554	2,367	3,191	N/A
11/26/2023	20,200	2,437	2,317	3,074	N/A
8/27/2023	20,281	2,447	2,028	2,768	N/A
5/28/2023	20,094	2,594	2,089	2,779	N/A
2/26/2023	19,955	2,802	2,546	3,115	N/A
11/27/2022	19,367	2,909	2,448	3,019	N/A
8/28/2022	19,171	2,900	2,780	3,335	N/A
5/29/2022	18,993	2,707	2,747	3,316	N/A
2/27/2022	18,625	2,301	2,468	3,003	N/A
11/28/2021	18,608	2,237	2,525	3,054	N/A
8/29/2021	18,303	2,328	2,252	2,769	N/A
5/30/2021	18,127	2,340	2,452	2,983	N/A
2/28/2021	18,626	2,549	3,187	3,724	N/A
11/29/2020	18,287	2,407	3,118	3,646	N/A
8/30/2020	17,988	2,300	3,180	3,688	N/A
5/31/2020	17,627	2,181	3,215	3,676	N/A
2/23/2020	16,765	2,126	2,500	2,939	N/A
11/24/2019	16,783	2,118	2,425	2,867	N/A
8/25/2019	16,774	1,881	2,277	2,772	N/A
5/26/2019	16,865	1,753	2,269	2,807	N/A
2/24/2019	16,594	1,537	2,141	2,733	N/A
11/25/2018	16,278	2,032	2,054	2,671	N/A
8/26/2018	16,065	2,119	2,239	2,858	N/A
5/27/2018	15,740	2,131	N/A	2,841	N/A
2/25/2018	15,657	2,186	N/A	2,892	N/A
11/26/2017	15,568	1,602	N/A	2,903	N/A
8/27/2017	15,481	1,653	N/A	2,635	N/A
5/28/2017	15,620	1,658	N/A	2,415	N/A
2/26/2017	15,741	1,628	N/A	2,426	N/A
11/27/2016	15,950	1,632	N/A	2,553	N/A
8/28/2016	16,263	1,680	N/A	2,570	N/A
5/29/2016	16,563	1,697	N/A	2,764	N/A
2/28/2016	16,934	1,505	N/A	2,844	N/A
11/29/2015	17,283	1,486	N/A	2,836	N/A
8/30/2015	17,570	1,303	N/A	2,644	N/A
5/31/2015	17,630	1,221	N/A	2,543	N/A
2/22/2015	17,615	1,439	N/A	2,378	N/A
11/23/2014	17,642	1,507	N/A	2,395	N/A
8/24/2014	17,805	1,710	N/A	2,489	N/A
5/25/2014	17,910	1,824	N/A	2,541	N/A
2/23/2014	18,037	1,786	N/A	2,505	N/A
11/24/2013	18,090	1,774	N/A	2,618	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIS's forecast earnings growth (3.6% per year) is above the savings rate (0.3%).

Earnings vs Market: GIS's earnings (3.6% per year) are forecast to grow slower than the Swiss market (11% per year).

High Growth Earnings: GIS's earnings are forecast to grow, but not significantly.

Revenue vs Market: GIS's revenue (0.4% per year) is forecast to grow slower than the Swiss market (4% per year).

High Growth Revenue: GIS's revenue (0.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GIS's Return on Equity is forecast to be high in 3 years time (27.9%)

General Mills Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

General Mills, Inc. Reaffirms Earnings Guidance for the Full Fiscal Year 2025

General Mills, Inc. Reaffirms Sales Guidance for the Fiscal Year 2024

General Mills, Inc. Revises Earnings Guidance for the Fiscal Year 2024

General Mills, Inc. Reaffirms Revenue Guidance for the Full Fiscal Year 2024

General Mills, Inc. Raises Earnings Guidance for the Fiscal Year 2023

General Mills, Inc. Provides Earnings Guidance for Year 2023

Recent updates

General Mills, Inc. Reaffirms Earnings Guidance for the Full Fiscal Year 2025

General Mills, Inc. to Report Q1, 2025 Results on Sep 18, 2024

General Mills, Inc., Annual General Meeting, Sep 24, 2024

General Mills Appoints Asheesh Saksena as Chief Strategy & Growth Officer, Effective August 26, 2024

Fourth quarter dividend of US$0.60 announced

Full year 2024 earnings released: EPS: US$4.34 (vs US$4.36 in FY 2023)

General Mills, Inc. Declares Quarterly Dividend, Payable on August 1, 2024

General Mills, Inc. to Report Q4, 2024 Results on Jun 26, 2024

General Mills, Inc. (NYSE:GIS) acquired Edgard & Cooper Foundation.

General Mills Reportedly Explores Sale of North America Yogurt Business

General Mills, Inc. Announces Wheaties Debut Highest Protein Offering in Cereal Category, Wheaties Protein

Upcoming dividend of US$0.59 per share

New minor risk - Insider selling

Third quarter 2024 earnings released: EPS: US$1.18 (vs US$0.93 in 3Q 2023)

General Mills, Inc. to Report Q3, 2024 Results on Mar 20, 2024

General Mills, Inc. Reaffirms Sales Guidance for the Fiscal Year 2024

General Mills Announces Retirement of Shawn O’Grady, Group President

Dividend of US$0.59 announced

General Mills, Inc. Declares A Quarterly Dividend, Payable May 1, 2024

Upcoming dividend of US$0.59 per share at 3.6% yield

Second quarter 2024 earnings released: EPS: US$1.03 (vs US$1.02 in 2Q 2023)

General Mills, Inc. Revises Earnings Guidance for the Fiscal Year 2024

General Mills Announces Changes to Senior Leadership Team

General Mills, Inc. to Report Q2, 2024 Results on Dec 20, 2023

General Mills Declares Quarterly Dividend, Payable on February 1, 2024

General Mills, Inc. (NYSE:GIS) acquired Fera Pets, Inc.

General Mills Declares Quarterly Dividend, Payable on November 1, 2023

First quarter 2024 earnings released: EPS: US$1.15 (vs US$1.37 in 1Q 2023)

General Mills, Inc. Reaffirms Revenue Guidance for the Full Fiscal Year 2024

General Mills, Inc. to Report Q1, 2024 Results on Sep 20, 2023

General Mills, Inc., Annual General Meeting, Sep 26, 2023

General Mills, Inc., Annual General Meeting, Sep 26, 2023

Full year 2023 earnings released: EPS: US$4.36 (vs US$4.46 in FY 2022)

General Mills Announces Häagen-Dazs Brings Luxury to Yogurt Aisle with Debut of Cultured Crème

General Mills, Inc. to Report Q4, 2023 Results on Jun 28, 2023

Chief Innovation recently sold CHF245k worth of stock

David M. Cordani Announces Not Stand for Reelection to the Board of General Mills, Inc

Ggeneral Mills, Inc. Announces Executive Changes

Insider recently sold CHF692k worth of stock

Upcoming dividend of US$0.54 per share at 2.5% yield

Third quarter 2023 earnings released

Insufficient new directors

General Mills, Inc. Declares Quarterly Dividend, Payable on May 1, 2023

Upcoming dividend of US$0.54 per share

General Mills, Inc. Raises Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$1.01 (vs US$0.98 in 2Q 2022)

General Mills, Inc. to Report Q2, 2023 Results on Dec 20, 2022

Independent Director recently sold CHF1.9m worth of stock

General Mills Board of Directors Declares Quarterly Dividend, Payable February 1, 2023

Group President of North America Retail recently sold CHF2.0m worth of stock

The General Mills Board of Directors Declares Quarterly Dividend, Payable November 1, 2022

Insider recently sold CHF1.2m worth of stock

General Mills, Inc. Provides Earnings Guidance for Year 2023

General Mills, Inc. to Report Q1, 2023 Results on Sep 21, 2022

Insider recently sold CHF1.1m worth of stock

General Mills, Inc., Annual General Meeting, Sep 27, 2022

Insider recently sold CHF401k worth of stock

Eagle Family Foods Group LLC acquired Helper Main Meals and Suddenly Salad Side Dishes Businesses from General Mills, Inc. (NYSE:GIS) for a transaction value of approximately $610 million.

Full year 2022 earnings released

General Mills, Inc. Provides Earnings Guidance for the Full Fiscal Year 2023

General Mills Elects C. Kim Goodwin to Board of Directors

General Mills, Inc. (NYSE:GIS) acquired TNT Crust, Inc. from Peak Rock Capital LLC.

General Mills, Inc. to Report Q4, 2022 Results on Jun 29, 2022

Eagle Family Foods Group LLC entered into a definitive agreement to acquire Helper Main Meals and Suddenly Salad Side Dishes Businesses from General Mills, Inc. (NYSE:GIS) for a transaction value of approximately $610 million.

General Mills Appoints Karen Wilson Thissen as General Counsel and Corporate Secretary, Effective June 6

General Mills, Inc. (NYSE:GIS) entered into an agreement to acquire TNT Crust, Inc. from Peak Rock Capital LLC.

General Mills, Inc. (NYSE:GIS) entered into an agreement to acquire TNT Crust, Inc. from Peak Rock Capital LLC.

Upcoming dividend of US$0.51 per share

General Mills, Inc. to Report Q3, 2022 Results on Mar 23, 2022