General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit🐻 outlook, offsetting second-quarter results that beat analysts' e🐟stimates.

The snack and cereal maker recorded $5.24 billion in revenue, up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' 澳洲幸运5官方开奖结果体彩网:net income was $795.7 million, up 34% and well above the projected $683.3 million.

General Mills lowered its fiscal 2025 adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) forecast 🎐to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.

The company now expects full-year organic net sales growth at the lower end of 澳洲幸运5官方开奖结果体彩网:its previously reported range of flat to up 1% "due to increased promotional investment."

General Mills shares fell about 4% soon after the opening bell Wednesd♏ay to move into negative territory for 2024.