Consumers are cutting back on fancy snacks. Here’s how General Mills is responding.
The packaged-food giant’s CEO doesn’t think it needs to play into “a race to the bottom on pricing,” and should instead ...
General Mills aims to cut $100M in costs to weather bleak economic outlook
Consumers aren’t turning to comfort foods like Lucky Charms or Chex Mix to quell their economic anxieties, forcing General Mills to enter cost-cutting mode. “Our imperative is to get back to growth,” ...
General Mills shuts down innovation unit, pauses venture investments
The Cheerios maker said the changes are part of a broader shift in how the Minnesota company pursues new growth.
European Supermarket Magazine1d
General Mills Forecasts Hit To Annual Sales, Profit As Snacking Demand Slows
General Mills cut its annual sales and profit forecasts, as it takes a hit from choppy demand for salty snacks and pet food ...