General Mills cuts annual sales forecast

Published: 2025-03-19 07:07:00 ET GIS

(Reuters) - Pillsbury owner General Mills lowered its annual sales forecast on Wednesday, hit by increased competition from cheaper private label brands amid still high cost of living in an uncertain macro environment.

The company expects full-year organic sales to be down 1.5% to 2%, compared with a prior forecast of flat to up 1%.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Shailesh Kuber)