GIS - Why Is Cheerios Maker General Mills Stock Falling Today? | Benzinga
Shares of General Mills Inc (NYSE: GIS) are down after the company reported its second-quarter FY24 earnings and revised its outlook to citing a slower volume recovery, reflecting a more cautious consumer economic outlook and a faster normalization of competitive on-shelf availability.
GIS reported a second-quarter sales decline of 2% year-on-year to $5.14 billion, missing the analyst consensus estimate of $5.35 billion. Organic net sales decreased 2%.
On a 2-year compound growth basis, net sales were up 1%, and organic net sales were up 4%.
North America Retail ...