11:45 AM EDT, 03/17/2026 (MT Newswires) -- General Mills ( GIS ) is expected to report fiscal Q3 results in line with Wall Street expectations and reiterate its full-year guidance as investors await signals on how the war in the Middle East may affect earnings this year and next, RBC Capital Markets said Monday in a note.

With the company projecting fiscal 2027 to improve, "any commentary on the impact from Operation Epic Fury to the forward year will be important," RBC said. Q3 results are due Wednesday,

General Mills ( GIS ) faces only "minor headwinds in fiscal 2026 from the Middle East conflict given hedging practices, inventory on hand, timing lags, and only one quarter left in the year," the report said.

Forward risks include a shift in diets away from certain General Mills ( GIS ) products amid health concerns and increased consumer use of weight-loss drugs changing consumption patterns, RBC said.

"Real innovation has been weak over the last few years, but a strong line-up of on

trend innovation could provide top-line upside," the report said.

RBC maintained its outperform rating on General Mills ( GIS ) stock with a price target of $60.

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