What move does the options market price into General Mills's report?

Implied ±1.2%, either direction.

How often does General Mills move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

GISNYSEGrain Mill Products

General Mills Inc (GIS) earnings date, market-implied expected move, and options open interest by expiry

34.04

pre 34.58 +1.47%

Pre-market07:14 ETdelayed

Open34.08Volume6.8MMkt cap$18.2BEPS-1.64Div yield7.16%

Day34.07 – 34.58100%52-wk30.59 – 47.0424%

GIS

General Mills Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±1.2%implied · report alone

8Q avg ±3.4%·×0.35·cheap

33.6834.48

straddle ±8.8%

spot 34.08exp Dec 18ATM strike 35ATM straddle 3.52IV 35%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 16

before open · in 42 days

est.Q2 FY27

Calendar

Next report

Last report

+1.04%

vs ±6.2% implied · ×0.17

shaded = implied · ▲▼ = realized

Sep 23 '26 · confirmed

Implied vs realized

Largest filed tie

22.00%

of GIS revenue · Walmart Inc. and its affiliates (Walmart)

customerGIS 10-K

Largest filed tie

13F top-10 QoQ

+3.95%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

1,345 managers

Top fund weight

1.21%

GIS weight · XLP

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

General Mills (GIS) is expected to report on Dec 16 before open (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±4.6%
avg realized: ±3.4%

Dec 18 '24Dec 18 '24confirmed±3.5%▼−3.06%×0.86

Mar 19 '25Mar 19 '25confirmed±4.4%▼−2.05%×0.47

Jun 25 '25Jun 25 '25confirmed±5.4%▼−5.11%×0.94

Sep 17 '25Sep 17 '25confirmed±4.0%▼−0.77%×0.19

Q2 FY26Dec 17 '25confirmed±3.4%▲+3.38%×0.99

Q3 FY26Mar 18 '26confirmed±4.2%▼−2.97%×0.71

Q4 FY26Jul 1 '26confirmed±5.9%▲+8.53%×1.44

Q1 FY27Sep 23 '26confirmed±6.2%▲+1.04%×0.17

quarterimplied−10%0+10%realized×

Q1 FY27±6.2%▲+1.04%×0.17

Q4 FY26±5.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 30 close

0.55OI · 5 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

9,942+21%Nov 2016d0.8511,635+28%0.85

report · Dec 16 · before open · est.

16,971+11%Dec 1844d31,000+7%

28,033−1%Jan 1572d0.7736,587+8%0.77

9,095+1%Mar 19135d1.138,019+4%1.13

5,327+11%Apr 16163d0.876,147+10%0.87

ExpiryPutsCallsP/C

Nov 2016d9,942+21%11,635+28%0.85

report · Dec 16 · before open · est.

Dec 1844d16,971+11%31,000+7%0.55

Jan 1572d28,033−1%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.8%

Funds 4

XLP±0.1%

SCHD±0.0%

REVS±0.0%

RSP±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

9.07%as filednet margin · revenue −4.77% QoQ · −2.83% YoY

Revenue

$4.4B−4.77% QoQ

Gross profit

$1.5B−7.25% QoQ

33.88% margin

Operating income

$634M+130.28% QoQ

14.43% margin

Pre-tax income

$502M+122.49% QoQ

Net income

$398M+119.81% QoQ

9.07% margin

Cost of revenue

$2.9B−3.45% QoQ

Operating expenses

$854M−76.91% QoQ

SG&A $832M

Other operating $21M

Other expense

$132M

Tax

$123M+151.08% QoQ

Revenue$4.4B−4.77%

Gross profit

$1.5B−7.25%

33.88% margin

Operating income

$634M+130.28%

14.43% margin

Pre-tax income

$502M+122.49%

Net income

$398M+119.81%

9.07% margin

Cost of revenue

$2.9B−3.45%

Operating expenses

$854M−76.91%

SG&A $832M

Other operating $21M

Other expense

$132M

Tax$123M+151.08%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Aug 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 07:00 ET

Intraday

Event sensitivity

PPI ×1.77· ±2.0% vs ±1.1% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.0%6 of 10×1.77

NFPjobs report±1.8%6 of 10×1.57

GDPgross domestic product±1.6%10 of 19×1.43

CPROFcorporate profits±1.6%7 of 12×1.41

PCEpersonal income & outlays±1.3%11 of 19×1.15

FOMCrate decision±1.3%7 of 24×1.15

CPIconsumer prices±1.1%5 of 10×0.94

Bar = avg |move| to ±2% · tick = ±1.1% avg day · ×base = |move| ÷ ±1.1% · min 6 releases

Earnings history

EPS 0.74 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Sep 23 '26 · confirmed	0.74	—
Q4 FY26	Jul 1 '26 · confirmed	-3.72	—
Q3 FY26	Mar 18 '26 · confirmed	0.56	—
Q2 FY26	Dec 17 '25 · confirmed	0.78	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod