General Mills Inc. GIS said Wednesday it continues to expect fiscal 2024 organic net sales to grow by 3% to 4% as it navigates a “resilient but increasingly cautious consumer” in the marketplace. CEO Jeff Harmening said the company will continue adapting to the changing environment with a focus on supply chain efficiency and disciplined capital allocation. Retail sales in the first quarter for at-home food categories in the U.S. continue to grow above pre-pandemic rates in but have slowed down from double-digit growth rates in fiscal 2023 as the company faces “increased value-seeking behaviors from consumers.” General…
