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Boxes of General Mills cereal are displayed on a grocery store shelf on Dec. 20, 2023 in San Anselmo, Calif. (Justin Sullivan/Getty Images)(NEW YORK) -- Breakfast foods maker General Mills, the brand behind familiar cereals like Cheerios, Lucky Charms and Wheaties, may not be a consumer favorite anymore as the company experiences slowing sales and increasing price hikes. In the companys latest quarterly financial report, General Mills CEO Jeff Harmening blamed the drop on "stronger-than-ant...
United States Steve Reed Jeff Harmening Bureau Of Labor Statistics While The Bureau Of Labor Statistics General Mills

General Mills cereal sales drop as demand for pricey brand names diminishes

Boxes of General Mills cereal are displayed on a grocery store shelf on Dec. 20, 2023 in San Anselmo, Calif. (Justin Sullivan/Getty Images)(NEW YORK) -- Breakfast foods maker General Mills, the brand behind familiar cereals like Cheerios, Lucky Charms ...
United States Jeff Harmening Steve Reed Bureau Of Labor Statistics While The Bureau Of Labor Statistics General Mills
Source: kxel.com

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