Shares of General Mills Inc. GIS gained 1% in premarket trading Wednesday, after the branded consumer foods company reported fiscal first-quarter results that topped expectations and affirmed its full-year outlook, as inflation has moderated, supply chains have stabilize and an “increasingly cautious consumer” has remained resilient. Net income for the quarter to Aug. 27 fell to $673.5 million, or $1.14 a share, from $820.0 million, or $1.35 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.09 beat the FactSet consensus of $1.08. Sales grew 4.0% to $4.905 billion, above the…
