General Mills forecasts downbeat annual profit on macroeconomic uncertainty
ReutersJun 25, 2025 11:06 AM
June 25 (Reuters) - Pillsbury-owner General Mills GIS.N forecast annual profit below expectations on Wednesday, hurt by weak demand for refrigerated baked goods and snacks amid rising costs in a tariffs-driven, uncertain macroeconomic background.
The company expects full-year adjusted profit to be in the range of down 10% to down 15%, compared to analysts' estimates of a 4.8% decline, as per data compiled by LSEG.
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