) are trading lower on Wednesday morning after the company posted its fourth quarter results. Quarterly sales declined 6.3% year over year to $4.71 billion, missing analyst expectations.Investors seeing shares of the cereal maker fall today as its latest quarterly results reveal just how much consumers are pulling back on spending.
High grocery prices have remained a sticking point for consumers, even as inflation data shows that prices are easing now.It ticked lower in June as Americans said that elevated prices, particularly food and grocery prices, weighed on their views of the economy.The maker of Cheerios saw lower volumes in its latest quarter, which means that grocery stores are ordering less inventory because consumers aren't buying as much.
General Mills Overall volumes fell 2% year over year in its latest quarter, with volumes in its biggest unit, North American Retail, down 6%.And still General Mills remains optimistic that consumers will indulge in snack foods again soon, saying in the earnings release that it quote expects volume trends in its categories will gradually improve in fiscal 2025This super dividend stock offers high yield and visibility over earnings growth. It can help you earn $1,830 in passive income.
This dividend stock is sure to benefit from ongoing cuts in the key interest rate and is already seeing some major opportunities ahead. The post 1 Dividend Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.HANOI, Vietnam — Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.
Guggenheim analyst Ronald Jewsikow started coverage of shares of electric-vehicle maker Rivian with a Buy rating and $18 price target. -- Losses are piling up in the crypto market after its second-worst weekly decline of 2024, a reflection of cooling demand for Bitcoin exchange-traded funds and uncertainty over monetary policy.