General Mills Calls Out Uncertain Macro as It Downshifts Outlook -- Market Talk

Dow Jones

2024/12/18

0830 ET - General Mills says it will focus on growing volumes and market share amid an uncertain macroeconomic climate for consumers in its core markets. The food maker is now expecting to hit the low end of its sales guidance for FY25 as it increases its level of investment into promotions in certain priority categories. The company is also lowering its adjusted operating profit outlook for the year, citing those higher investment levels. Both sales and adjusted operating profit are also expected to take a hit from the reversal of some timing-related benefits in the recently completed F2Q. General Mills is off 4.4% premarket. (dean.seal@wsj.com)

(END) Dow Jones Newswires

December 18, 2024 08:30 ET (13:30 GMT)

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The company is also lowering its adjusted operating profit outlook for the year, citing those higher investment levels. Both sales and adjusted operating profit are also expected to take a hit from the reversal of some timing-related benefits in the recently completed F2Q. General Mills is off 4.4% premarket. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 08:30 ET (13:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}