Food Stocks Tumble After General Mills Cuts Sales Forecast

2026년 2월 18일 · Unknown · financial · 출처 Yahoo Finance

General Mills stock tumbled Tuesday after the company—known for brands such as Cheerios, Pillsbury and Betty Crocker—lowered its sales outlook because of weaker-than-expected consumer demand. Campbell shares dropped 8%, Lamb Weston fell 6.3%, while Conagra Brands and Kraft Heinz lost 5.8% and 5.2%, respectively. General Mills told investors at the Consumer Analyst Group of New York conference that it now expects overall sales to fall about 1.5% to 2% in its 2026 fiscal year ending in May—putting the company on track for a third straight year of sales declines.

Continue Reading