General Mills quarterly sales hit by lower snacks demand, shares fall

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General Mills quarterly sales hit by lower snacks demand, shares fall
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Cheerios cereal maker General Mills Inc reported quarterly sales below Wall Stre...

- Cheerios cereal maker General Mills Inc reported quarterly sales below Wall Street estimates on Wednesday, hit by lower snacks demand in North America, sending shares down 6% before the bell.

Consumers’ growing preference for healthier breakfast and snacking options has hit all packaged food companies lately, including General Mills. The company bought Blue Buffalo last year to diversify its portfolio and reduce its dependence on snack, cereal and yogurt businesses.

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