General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook
GMGM(GM) Investopedia·2024-12-18 23:25

Key TakeawaysGeneral Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.Second-quarter sales and net income rose year-over-year and beat analysts' expectations.The snack and cereal maker expects adjusted profit to decline from last year because of increased investments. General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates. The snack ...