General Mills lowers outlook for fiscal 2025, plans $100M in cuts

Sodexo cuts 2025 guidance on slower growth in North America

(Reuters) – French food caterer Sodexo lowered its 2025 guidance on Thursday, citing slower than expected organic growth in North America. “While our industry fundamentals remain strong, in North America the continued soft trend in volumes in Education and slower than expected net new ramp-up in Healthcare have impacted our ability to meet initial expectations,” CEO and Chairwoman Sophie Bellon said in a statement. The group now sees 2025 organi…

General Mills sees slump in snack sales as customers focus on essentials

The company said that organic net sales “finished below our expectations.”

General Mills aims to cut $100M in costs to weather bleak economic outlook

The Golden Valley-based food manufacturer is just the latest company to pull back, including fellow Minnesota businesses like Sun Country Airlines and Target.

General Mills lowers outlook for fiscal 2025, plans $100M in cuts

The maker of Cheerios and baking mixes reported below-expected sales for its fiscal third quarter, citing continued economic uncertainty among consumers. It did beat Wall Street expectations on earnings, however.

Snack Slowdown Hits General Mills

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General Mills Cuts Sales Guidance on Slowdown in Snacking

Cheerios maker General Mills Inc. cut its guidance for fiscal 2025 sales, citing retailer inventory and a snacking slowdown.