Cheerios maker General Mills shares sink after sales miss the mark (GIS)
|06/26/2019||Posted by BusinessMediaguide.Com under General World News||
- General Mills shares tumbled Wednesday after the company reported fourth-quarter sales that fell short of analysts’ expectations.
- The company better known for cereal products than cats and dogs acquired the pet food brand Blue Buffalo last year for $8 billion, and said the deal drove net sales during the most recent quarter.
- Track General Mills shares here in real-time.
General Mills shares fell as much as 9% Wednesday, badly underperforming the broader market, after the company reported sales for the fourth quarter that fell short of Wall Street’s expectations.
While net sales came in at $16.86 billion for read more >>>