12:49 PM EDT, 09/13/2024 (MT Newswires) -- General Mills ( GIS ) is expected to report an in-line quarter and maintain its 2025 guidance, but execution will be crucial to regain competitiveness following 2024's negative organic growth and market share losses, RBC Capital Markets said in an earnings preview emailed Friday.

With a neutral outlook, the firm expects no major surprises for General Mills ( GIS ) despite improving share in key categories as challenges persist in the international segment, particularly in China.

The company saw modest growth in fiscal Q1 driven by pricing and faster growth in its club, discount and dollar stores businesses, with pet and foodservice segments facing mixed performance due to volume and market headwinds, RBC added.

The firm said that General Mills' ( GIS ) future outlook remains cautious due to headwinds from consumer pressures, slower volume recovery and normalization trends turning people to "healthier alternatives."

RBC rates General Mills' ( GIS ) stock at sector perform with a price target of $70.

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