Why General Mills Stock Jumped Today

General Mills stock surged 8.53% after the company reported Q4 fiscal 2026 earnings that exceeded expectations, with adjusted EPS jumping 27% to $0.95 versus estimates of $0.80. The company improved gross margins through higher pricing and plans aggressive cost-cutting of $750 million in 2027 and $3 billion by 2030 to offset inflation and fund growth. However, management warned of a difficult consumer environment ahead with expected organic sales decline of 1.5% to flat growth in fiscal 2027.