Feb 17 (Reuters) – General Mills on Tuesday cut its annual core net sales and profit forecasts, blaming weakening consumer sentiment amid macroeconomic uncertainty.
Shares of the Cheerios maker were down 4% in premarket trading.
The company expects annual sales to be down 1.5% to 2%, compared with its previous range of down 1% to up 1%.
General Mills also sees its annual adjusted operating profit and adjusted earnings-per-share down 16% to 20% in constant currency, compared with its previous range of down 10% to 15% in constant currency.
(Reporting by Koyena Das in Bengaluru; Editing by Tasim Zahid)
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