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General Mills (GIS) Q1 2024 Earnings Call Transcript

General Mills Posts Lower Profit as Sales Volumes Decline

Shares of General Mills were lower Wednesday after the breakfast food giant's profit fell as it lost market share, especially in North America.

General Mills warns against promotions to boost declining volumes, urges patience

Executives from General Mills and calling for patience – not promotions – to help reverse volume declines that for months have plagued the food and beverage industry across categories, but which so far have been sufficiently offset by price increases.

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