Cereal Giant General Mills Stock Drops on Downbeat Outlook
General Mills shares are falling in premarket trading Wednesday after the cereal giant issued a downbeat outlook and posted quarterly sales that undershot forecasts.
General Mills shares are falling in premarket trading Wednesday after the cereal giant issued a downbeat outlook and posted quarterly sales that undershot forecasts.
Discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.8% year on year to $667.1 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $2.58 billion at the midpoint. Its non-GAAP profit of $1.19 per share was in line with analysts’ consensus estimates.
German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has in recent weeks invited banks to pitch for an advisory role to help sell Awin, which helps publishers promote advertisers’ products, two of the people said. A spokesperson for Axel Springer declined to comment.
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