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-0.00068096697310183 -0.000453977982067779 0.00522074679378043 0.00374531835205991 0.00964703211894233 0.00555896039042109 0.0118034275337647 0.0149812734082398
Stock impact report

Cheerios maker says cost of living, housing expenses changing way consumers spend [FOX Business Network]

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Cheerios maker General Mills cut its annual sales and profit forecasts, citing weak consumer sentiment and a shift toward healthier and lower-cost food options that are pressuring demand for packaged products. "Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting in a slower pace and higher cost of volume recovery than initially expected," the company said in a statement ahead of its presentation at the Consumer Analyst Group of New York (CAGNY) conference on Tuesday morning. The shifting consumer landscape, driven in part by the growing preference for healthier options and increased adoption of GLP-1 weight-loss drugs , is adding further pressure to packaged food demand. General Mills CEO Jeff Harmening said during the company's presentation at CAGNY that the growing competition for protein options is also a factor. General Mills has its own line of protein cereals. "We Show less Read more
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