General Mills’ fiscal 2027 Q2 organic net sales growth (the quarter ending roughly November 2026) is most likely to land in the -1.5% to 0% range, with market-implied odds of 56.5% reflecting the company’s reaffirmed full-year guidance of -1.5% to +0.5% and the sequential pattern seen in recent quarters. Q1 fiscal 2027 delivered flat organic net sales, an improvement from the prior year’s declines, amid persistent consumer softness that has limited volume recovery and kept price/mix largely neutral. Traders are also incorporating the company’s ongoing “remarkability” initiatives—product innovation focused on protein, fiber, and value—alongside $750 million in targeted cost savings, though these efforts have yet to produce sustained positive growth. The November 10 announcement of a new operating model (effective January 2027) and leadership changes aims to sharpen focus on core segments and omnichannel execution, but any near-term lift is unlikely to shift Q2 results materially. Upcoming December earnings will provide the first read on whether the modest sequential stabilization holds or reverts toward the weaker levels observed in fiscal 2026.