The Cheerios maker topped quarterly forecasts as budget-conscious consumers shifted meals home, helping demand for pantry staples and breakfast cereals despite a sharp share decline this year.
General Mills beat Wall Street estimates for fourth-quarter profit and sales as more consumers ate at home instead of dining out, supporting demand for pantry staples and breakfast cereals. On an adjusted basis, the company earned 95 cents per share in the quarter ended May 31, above analysts' average estimate of 80 cents per share compiled by LSEG. Sales came in at $4.61 billion, slightly ahead of the $4.60 billion estimate. Shares, down 25% so far in 2026, rose 3% in premarket trading after the results.