General Mills Fiscal First-Quarter Results Likely to Miss Market Expectations, RBC Says

General Mills is expected to report fiscal first-quarter results below market estimates, with RBC Capital Markets forecasting earnings of $0.79 per share and revenue of $4.42 billion, compared to consensus estimates of $0.83 EPS and $4.52 billion in sales. The company faces competitive pressures and macroeconomic uncertainties, leading to a 21% decline in its stock this year. RBC maintains an outperform rating with a price target of $63, but notes that General Mills must demonstrate growth to regain investor confidence.