Food Companies Sink as Executives Warn of Consumer Stress

Food companies tumbled Tuesday as executives pointed to challenges from persistent consumer weakness and unease over prices. General Mills Inc. shares sank 7% on Tuesday — the most since May 2022 —  after the packaged food company lowered its fiscal 2026 sales outlook. The shares declined 22% over the past year through Tuesday. Most Read from Bloomberg The maker of Cheerios and other food products said it now expects organic net sales to be down 1.5% to 2%, compared with its previous outlook of down 1% ...