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
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Source: FOX Business Network
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
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News
- General Mills (NYSE:GIS) was given a new $47.00 price target on by analysts at Mizuho.MarketBeat
- General Mills (NYSE:GIS) was downgraded by analysts at Bank of America Corporation from a "buy" rating to a "neutral" rating. They now have a $48.00 price target on the stock.MarketBeat
- General Mills (NYSE:GIS) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- General Mills: Why Historically Low Valuations Are No Longer A 'Buy' Signal [Seeking Alpha]Seeking Alpha
- General Mills (NYSE:GIS) was given a new $44.00 price target on by analysts at Morgan Stanley.MarketBeat
GIS
Earnings
- 12/17/25 - Beat
GIS
Sec Filings
- 1/29/26 - Form 4
- 1/29/26 - Form 3
- 1/27/26 - Form 8-K
- GIS's page on the SEC website