General Mills reaffirms full-year sales, profit forecasts

March 18 (Reuters) - General Mills GIS.N reaffirmed its annual sales and profit forecast on Wednesday after slashing it last month, as pressure on consumer spending and stiff competition muted demand for the Cheerios maker's pantry staples and snacks.

The company reaffirmed its annual targets of adjusted profit declining 16% to 20% and organic sales to fall 1.5% to 2%.