General Mills down after annual sales and profit forecast cut

General Mills

17/02/2026 11:50

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

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))