General Mills Becomes Latest Company To Warn About Faltering Consumers
June 28, 2023 at 14:00 PM EDT
Shares of Cheerios maker General Mills plunged the most in a year after new annual guidance indicated price hikes on ready-to-eat cereals and meal kits would no longer offset slowing sales as consumers pull back on spending. General Mills expects fiscal year adjusted profit growth at the mid-single-digits percentage for the fiscal year 2023, which […] Source
