Weekly Recap: GAAP loss $3.74/share ($2.01B) and $3B cost-cut plan
General Mills, Inc. (NYSE:GIS) posted a $2.01B Q1 net loss and $3.74 GAAP loss per share as sales fell and inflation pressured margins, while the company pursues up to $3B in cost cuts, shifts toward higher—protein products, launches new SKUs, and authorized buybacks amid mixed category trends and…
General Mills, Inc. 74 GAAP loss per share as sales fell and inflation pressured margins, while the company pursues up to $3B in cost cuts, shifts toward higher—protein products, launches new SKUs, and authorized buybacks amid mixed category trends and…