General Mills Profits Dip, Prices Cut to Combat Inflation
Update: 2025-12-17
Description
General Mills, known for brands like Cheerios and Pillsbury, reported a drop in second-quarter profits and sales due to inflation. Despite a significant decrease in net income, adjusted earnings per share exceeded expectations. The company lowered prices on two-thirds of its products to attract budget-conscious consumers. General Mills reaffirmed its full-year outlook, expecting net sales to either stay flat or decrease by up to one percent and a ten to fifteen percent drop in adjusted earnings per share. This strategy reflects the companys adaptation to changing consumer behaviors in a challenging economic environment.
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