General Mills backs its long-term targets at its Investor Day event

General Mills (NYSE:GIS) is hosting its Investor Day at the company's Minneapolis headquarters on Tuesday. CEO Jeff Harmening and CFO Kofi Bruce are planning to provide a detailed update to investors and analysts on the company’s latest strategic priorities and growth plans.

As part of the presentation, General Mills (NYSE:GIS) described how, since implementing the Accelerate strategy, the food company has transformed significantly by reshaping about a third of its portfolio, developing advanced digital capabilities, and investing to strengthen the appeal of its global brands. Despite the volatile macroeconomic environment in the past five years, General Mills (GIS) noted that it has built a strong foundation to adapt and drive further growth.

The event detailed the aggressive steps General Mills (GIS) is taking to offer improved consumer experiences, including product innovation, packaging, branding, omnichannel engagement, and enhanced consumer value. Executives explained how recent investments in digital and technology have improved the company's growth, efficiency, and agility. 

For investors, the company also outlined a continued commitment to driving shareholder value through sustainable sales growth, margin expansion, and disciplined financial management. General Mills (GIS) expressed confidence that its leading brands, differentiated capabilities, and talented workforce position it well to meet long-term objectives and deliver strong returns for shareholders.

On the guidance front, General Mills (GIS) reaffirmed its FY26 guidance for FY26 organic sales to be between down 1% and up 1%. FY26 adjusted operating profit and adjusted diluted EPS are both expected to be down 10% to 15% in constant currency, and free cash flow conversion is expected to be at least 95% of adjusted after-tax earnings.

Shares of General Mills (GIS) are down 24.5% on a year-to-date basis.