The Latest Breaking News from General Mills

Scores of consumers weren’t feeling very lucky after eating General Mills’ (NYSE: GIS) Lucky Charms cereal, with multiple reports of illness occurring after having a bowl of the longtime breakfast staple.

Despite inflationary pressure and supply chain bottlenecks, the growing demand for packaged food products should help companies in this space benefit by passing on high input costs to their customers. Therefore, prominent packaged food stocks General Mills (GIS) and Conagra Brands (CAG) are worth watching. But which of these stocks…

Pulled from Benzinga Pro data, General Mills (NYSE:GIS) posted Q3 earnings of $662.60 million, an increase from Q2 of 8.91%. Sales dropped to $4.54 billion, a 9.68% decrease between quarters.

U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 350 points on Wednesday.

General Mills has been tinkering with its recipes to keep products on shelves as supply chain backlogs persist.

The Nasdaq Composite turned higher midway through trading on Wednesday.

General Mills Inc (NYSE:GIS) reported third-quarter FY22 sales growth of 0.4% year-on-year, to $4.54 billion, marginally missing the consensus of $4.56 billion. Organic net sales increased 4%. North America Retail segment sales increased 1% Y/Y to $2.81 billion. Pet segment sales increased 30% to $568 million, while International segment sales fell 23% to…

U.S. stocks opened on downbeat note this morning, with the Dow Jones dropping more than 250 points on Wednesday.

General Mills Inc (NYSE: GIS) shares are trading higher Wednesday after the company reported better-than-expected earnings results and raised guidance.