Business
General Mills Cuts Outlook on Inflation and Weak Consumer Spending
General Mills GIS 0.89%increase; green up pointing triangle lowered its sales and profit outlook for the fiscal year, as stressed consumers are buying fewer snacks and looking for more promotions.
“Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting in a slower pace and higher cost of volume recovery than initially expected,” the maker of Cheerios and Pillsbury said.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8