Published 14 days ago • loading... • Updated 11 days ago

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

Summary by The Business Journals

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.

17 Articles

All

Left

Center

Right

WTVB

Center

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…

13 days ago

Read Full Article

MarketWatch

Center

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

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

13 days ago·United States

Read Full Article

Star Tribune

+3 Reposted by 3 other sources

Lean Left

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.

14 days ago·Minneapolis, United States

Read Full Article