Cereal Giant General Mills Stock Drops on Downbeat Outlook
1. General Mills projects lower sales and earnings for fiscal 2025. 2. Net sales for Q3 were $4.84 billion, missing expectations. 3. The company cites macroeconomic uncertainties affecting consumer demand. 4. Sales are expected to decline 1.5% to 2%, worse than earlier forecasts. 5. Shares fell 5% in premarket trading following the downbeat outlook.