General Mills cuts annual sales forecast-March 2024-www.financetom.com

General Mills cuts annual sales forecast

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General Mills cuts annual sales forecast

Mar 19, 2025 4:36 AM

March 19 (Reuters) - Pillsbury owner General Mills ( GIS )

lowered its annual sales forecast on Wednesday, hit by

increased competition from cheaper private label brands amid

still high cost of living in an uncertain macro environment.

The company expects full-year organic sales to be down 1.5%

to 2%, compared with a prior forecast of flat to up 1%.

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