General Mills Sticks to Reduced Full-Year Guidance as Consumer Shifts Pressure Sales
General Mills confirmed the trimmed annual outlook it announced last month, saying adjusted profit is expected to fall 16% to 20% and organic sales to decline 1.5% to 2%. Third-quarter revenue came in at $4.44 billion, slightly above analysts' compiled estimate of $4.42 billion, as the company faces weaker demand for core grocery items amid consume…