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Stock impact report

General Mills earnings flash a warning sign for the economy [Yahoo! Finance]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: Yahoo! Finance
The headline numbers show clear strain, with organic net sales falling 1%, adjusted operating profit dropping 20%, and margins compressing across the company's core North America business. The writing on the wall? Lower-income and more middle-class shoppers are increasingly reaching for generic store brands and looking to cut their grocery bills any way they can, which is bad news for the maker of Cheerios, Gushers, and Nature Valley granola bars. Of course, that also means that results are less a company-specific stumble than a reflection of where the economy is landing after a turbulent five years. Consider General Mills' five-year stock arc , which mirrors the broader consumer story. After the pandemic-era "eat at home" boom, inflation allowed (and forced) brands to raise prices. Now, even as the pace of inflation growth steadies, consumers nevertheless feel cautious — not least because the jobs market feels so sluggish and tricky . All of which means General Mills now find Show less Read more
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