General Mills Reports Decline in Profits Amid 'Uncertain' Consumer Backdrop
GMGM(GM) Investopedia·2024-09-18 23:15

Key TakeawaysGeneral Mills saw sales and profits drop from the same time last year as lower prices and higher costs weighed on the breakfast and snack food maker's margins.The company affirmed its outlook for the full fiscal year, noting that customers face a "uncertain macroeconomic backdrop."Last week, the company announced plans to sell its U.S. and Canadian yogurt businesses including brands like Yoplait to a pair of French dairy companies. General Mills (GIS) reported sales and profits dropped in its f ...