General Mills Revises FY24 Topline Outlook To Account For Slower Volume Recovery; Sees Organic Net Sales To Range Down 1% And Flat, Vs Previous Range Of 3-4% Growth
Portfolio Pulse from Benzinga Newsdesk
General Mills has updated its fiscal year 2024 topline outlook, now expecting organic net sales to be between a 1% decline and flat, compared to the previously forecasted 3-4% growth. This revision is due to a slower volume recovery than anticipated.
December 20, 2023 | 12:04 pm
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General Mills has lowered its FY24 organic net sales growth expectations from 3-4% to between a 1% decline and flat, indicating a slower volume recovery.
The revision in the topline outlook by General Mills is a significant indicator of slower growth than previously expected, which could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
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