General Mills Stock Slips as Cereal Maker Sees Larger-Than-Expected Profit Drop
1. General Mills forecast a larger fiscal 2026 profit drop than expected. 2. Q4 sales fell to $4.56 billion, below analyst expectations of $4.58 billion. 3. CEO aims to restore volume-driven organic sales growth in fiscal 2026. 4. Pet and international sales grew, but retail and foodservice declined. 5. Shares dropped 4% in premarket trading, continuing a year-to-date decline.