General Mills sinks as price reductions force guidance cut
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General Mills Inc. shares declined in pre-market trading after the company reduced its profit outlook for 2025 due to price reductions. The company now expects adjusted operating profit to fall by 2% to 4%, compared to the previously anticipated drop of up to 2%.
December 18, 2024 | 2:00 pm
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General Mills Inc. shares fell as the company cut its 2025 profit outlook due to price reductions, expecting a 2% to 4% drop in adjusted operating profit.
The reduction in profit outlook is a direct result of the company's strategy to lower prices, which is expected to negatively impact its profitability. This has led to a decline in the stock price as investors react to the anticipated decrease in earnings.
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