General Mills down after annual sales and profit forecast cut

Feb 17 (Reuters) - Shares of Cheerios maker General Mills GIS.N down about 4% at $46.60 premarket

Co cuts annual net sales, profit forecast ahead of Cagny conference, hurt by weaker consumer sentiment

Expects FY2026 net sales to down 1.5% to 2%, compared to the previous range of down 1% to up 1%

Also sees annual adjusted EPS to be down 16% to 20% in constant currency vs previous range of down 10% to 15%

GIS was down 27% in 2025