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Stock impact report

General Mills Guidance Cut Tests Brand Strength And Valuation Story [Yahoo! Finance]

General Mills, Inc. (GIS) 
Last general mills, inc. earnings: 3/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.generalmills.com
Company Research Source: Yahoo! Finance
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. General Mills (NYSE:GIS) has cut its full year sales and profit outlook as consumers show higher price sensitivity. The company reports more shoppers choosing value focused and private label brands across key categories. Management is responding by accelerating work on protein based products to better match changing eating habits. General Mills, the owner of brands across cereal, snacks and meal solutions, is feeling the impact of tighter household budgets as shoppers trade toward lower priced options. The reset to full year guidance puts a spotlight on how consumer packaged goods companies are contending with value driven buying patterns. For you as an investor, the update offers a fresh read on how branded food demand is holding up against private label competition. The push into protein focused offerings gives General Mills another lever as it looks to Show less Read more
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