General Mills Faces Tough Year Amid Snacking Slowdown

Reported about 5 hours ago

General Mills anticipates a challenging 2025 as it reported a decline in earnings and issued lower sales guidance, expecting organic net sales to drop 2% to 1.5%. CEO Jeffrey Harmening noted that consumer confidence has decreased, impacting spending on snacks. The company's performance reflects broader industry concerns, with competitors like Kraft Heinz and Campbell's also lowering their outlooks.

Source: YAHOO

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