General Mills echoes FedEx with a warning about weaker demand
Publishing timestamp: 2023-12-20 11:21:03
Summary
General Mills and FedEx both cut revenue guidance due to softer demand from consumers. General Mills reported a slower volume recovery and a significant revenue miss, while FedEx shares fell 10% and also trimmed its sales outlook. Both companies cited challenging consumer landscapes and pricing pressures as contributing factors.
Sentiment: NEGATIVE
Keywords: breaking news: business, business news, business, earnings, retail industry, fedex corp, general mills inc, transportation,
Source: https://www.cnbc.com/2023/12/20/general-mills-fedex-earnings-tell-story-of-soft-demand.html