General Mills says price hikes mostly done as elasticity increases
US packaged food major General Mills has told analysts that most of its pricing actions have been taken as consumer resistance increases.
Source: just-food.com
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Nasdaq, S&P, Dow mixed as Powell comments offset boost from growth stocks (DJI)
Wall Street's major averages were mixed on Wednesday, as a continued advance in growth stocks was offset by largely hawkish signals from central bank policymakers.
Source: seekingalpha.com
General Mills Sinks After Forecasting Slowdown in Coming Year
(Bloomberg) -- General Mills Inc. fell the most in the S&P 500 after the food producer’s annual forecast suggested that price hikes will no longer make up for slowing sales as inflation-weary shoppers cut back on spending.Most Read from BloombergPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureQatar Group Now Confident of Winning Manchester United RaceSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineUBS Preparing to Cut Over Half of Credit Suisse WorkforceSweden Police Give
Source: yahoo.com
9 Earnings Reports Due Wednesday, June 28 – 24/7 Wall St.
There are 9 earnings reports scheduled for Wednesday, 3 before markets open and 6 after markets close for the day. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue in thousands […]
Source: 247wallst.com
General Mills names food specialist shop Ingredient as content marketing AOR
Marketing news, voices and jobs for industry professionals. Optimized for your mobile phone.
Source: marketingdive.com