Reported 3 days ago
General Mills has revised its profit outlook for fiscal 2025, anticipating a decline in adjusted earnings per share between 3% to 1% due to investments in price reductions aimed at boosting sales. Despite a 6% drop in stock prices before regular trading, CEO Jeff Harmening stated that this strategy is intended to ensure sustainable growth in the future. The company reported improvements in margins but continues to face challenges from cost inflation, necessitating discounts in a changing consumer landscape.
Source: YAHOO