General Mills, Inc. (GIS), a manufacturer of branded foods, Tuesday said that it has further reduced its outlook for fiscal 2026.
Following this, the stock was down 3.43% in the pre-market trade.
The company cited that weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting in a slower pace and higher cost of volume recovery than initially expected.
Consequently, the company is now expecting adjusted diluted EPS and Adjusted operating profit to be down 16 to 20 percent as compared to the previous guidance of down 10 to 15 percent.
Organic net sales are now expected to be down 1.5 to 2 percent, compared to the previous outlook of down 1 percent to up 1 percent.
In pre-market activity, GIS shares were trading at $46.67, down 3.43% on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.