General Mills falls after it cuts annual sales forecast

Betty Crocker parent General Mills' GIS.N shares down 3.4% at $58.37 premarket

Company cuts its annual sales forecast for organic net sales in the range of down 2% to down 1.5% from the prior flat to up 1%

Also cuts annual adjusted EPS forecast down 8% to down 7% from the prior range of down 3% to down 1%

Says it expects macroeconomic uncertainty to continue to impact consumers in the fourth quarter and this guidance does not include any impact from new tariff actions in 2025

Co posts Q3 net sales of $4.84 billion, compared to analyst estimates of $4.96 billion, according to data compiled by LSEG

GIS stock has fallen about 5.22% YTD as of last close