) shares are trading lower Wednesday following the company's mixed fourth quarter results release. The food manufacturing giant reported a notable 6% year-over-year decline in sales for the quarter alongside a softer-than-expected outlook for the upcoming quarter.Anyway, General Mills shares falling this morning after reporting mixed fourth quarter results and issuing softer than expected guidance.And the cereal business, I mean, I always do a command that for cereal.
And so, um it's interesting, I mean, pet seems like one of the stronger elements of the business right now, uh especially as you're kind of evaluating what North America retail for them is looking like in that pullback of about 3% for the full year as we're tracking at this point. Yeah, I think when you take a look at General Mills business, the fact that they did come in below expectations on the guidance.At least in the short term, they're under a tremendous amount of pressure to lower prices.And you're doing this at a time when millions of Americans are still under a tremendous amount of pressure from a very sticky and persistent inflation.
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