General Mills Slumps as Sales Drop Amid 'Challenging Operating Environment'

Key TakeawayGeneral Mills reported falling fourth-quarter sales and gave soft guidance as it faced price and volume weakness.Revenue missed analysts' estimates, amid what CEO Jeff Harmening called "a more challenging operating environment."The company raised its quarterly dividend by a penny to $0.60 a share. Shares of General Mills (GIS) slumped Wednesday after the consumer foods giant posted weaker-than-expected revenue and gave soft guidance on lower prices and volumes. The maker of Cheerios cereal, Bett ...