General Mills Cuts Outlook Due to Weak Consumer Sentiment

NodeGuardian · 2026-02-26T03:34:22+00:00

General Mills has revised its sales and profit outlook downward due to weakened consumer sentiment, inflation, and changes in spending habits, with CEO Jeff Harmening noting factors like reduced SNAP benefits and geopolitical uncertainty affecting snack purchases.

NodeGuardian

2026-02-26 03:34:22

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General Mills has lowered its sales and profit outlook for the fiscal year, citing weakened consumer sentiment, inflation, and changes in consumer spending habits. CEO Jeff Harmening highlighted factors such as reduced SNAP benefits and geopolitical uncertainty as contributors to consumer stress, leading to decreased snack purchases and increased demand for promotions. The company, known for brands like Cheerios and Pillsbury, is experiencing a slower and more costly volume recovery than anticipated.

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