General Mills Is Down 20% and Betting Promotions Can Win Back Shoppers

Quick Read General Mills (GIS) cut full-year EPS guidance to a 16% to 20% decline. Net income collapsed 48% year-over-year. General Mills CEO acknowledged affordability pressures are not temporary. Lower-income consumers continue shifting to private-label alternatives. Operating income fell 32% to $728M. North America Retail sales dropped 13% to $2.9B. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE. A household name in kitchens around the country and th ...