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…