General Mills (GIS) Earnings: Inventory Reductions & Supply Chain Challenges

"General Mills pet segment weakness is impacted by inventory reductions at key retailers as well as supply chain challenges," says Arun Sundaram. CFRA downgraded the GIS stock price from hold to sell. "The General Mills (GS) stock drop shows power of the whisper numbers. GIS has been on a strong run of performance so some investors may take a breath. Overall executive perspectives toward inflation have returned to being strongly positive," adds Greg Portell.

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21 Dec 2022

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