General Mills will provide an update on its Accelerate strategy and key initiatives at the Consumer Analyst Group of New York (CAGNY) Conference.

General Mills, Inc. (NYSE: GIS) will share an update on the company's Accelerate strategy and key initiatives at today's Consumer Analyst Group of New York (CAGNY) Conference. Chairman and Chief Executive Officer Jeff Harmening, Chief Financial Officer Kofi Bruce, and Group President of North America Retail and North America Pet Dana McNabb will outline plans to drive sustainable growth by delivering greater remarkability through the company's global brands.

"Since launching our Accelerate strategy six years ago, we've been hard at work transforming General Mills," said Jeff Harmening, chairman and CEO, General Mills. "We've strategically reshaped nearly a third of our portfolio, built advantaged digital capabilities, and delivered industry-leading cost efficiency. Amid a volatile operating environment, we remain focused on what we can control by executing our Remarkability playbook, which is resulting in significantly improved competitiveness for our brands. I believe our strong foundation positions us well to continuously adapt, drive profitable growth, and meet the evolving demands of our consumers."

Generating Long-term Sustainable Growth

With its Accelerate strategy as the guide, General Mills is investing behind remarkability as the primary lever to restore organic sales growth and drive long-term sustainable shareholder value. During its presentation at CAGNY, company leaders will discuss:

Delivering Remarkable Brand Experiences: General Mills is making bold choices to deliver remarkable experiences for consumers across its total product offering, including product, packaging, brand communication, omnichannel execution, and consumer value. The company continues to significantly invest in its portfolio of iconic brands, including eight leading brands that each generate more than $1 billion in retail sales.

Prioritizing Consumer-centric Innovation: General Mills is enhancing its innovation capabilities to deliver bigger ideas that resonate with consumers across its four business segments. The company expects to deliver an approximately 25 percent increase in net sales from new products in fiscal 2026 by focusing its innovation on three key consumer trends: bold flavors, familiar and fun favorites, and better-for-you benefits like protein and fiber.

Unleashing Digital and Technology Capabilities: General Mills has strategically invested in building a scaled digital infrastructure that enables world-class digital and technology capabilities. Key initiatives in supply chain digitization, data-driven marketing, and strategic revenue management are unlocking new opportunities to drive growth while improving efficiency and agility.

Driving Shareholder Returns: General Mills' sustainable business model creates shareholder value through net sales growth, margin expansion, cash conversion, and cash returns to shareholders. The company has a strong track record of converting earnings into free cash flow, enabling it to return more than $14 billion to shareholders in the form of dividends and share repurchases since fiscal 2019.

Updated Fiscal 2026 Financial Outlook

While the company is making meaningful progress in strengthening its remarkability to position the business for long-term sustainable growth, this progress has come amid a more challenging backdrop. Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting in a slower pace and higher cost of volume recovery than initially expected. Based on its revised expectations, the company is updating its full-year fiscal 2026 financial outlook1:

Organic net sales are now expected to be down 1.5 to 2 percent, compared to the previous range of down 1 percent to up 1 percent.

Adjusted operating profit and adjusted diluted EPS are now expected to be down 16 to 20 percent in constant currency, compared to the previous range of down 10 to 15 percent in constant currency.

Free cash flow conversion is still expected to be at least 95 percent of adjusted after-tax earnings.

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