Financials & Economy

Despite these declines, General Mills reaffirmed its full-year fiscal 2026 outlook, signalling confidence in its long-term strategy.

This decline was primarily driven by a sharp decrease in refined palmolein shipments.

With its well-positioned grain handling capacity and merchandising capabilities, the Agribusiness segment is positioned favorably for the increased demand.

During the quarter, Campbell entered into definitive agreements to acquire a 49 percent interest in La Regina, the producer of Rao’s tomato-based pasta sauces.

The closure reflects broader challenges in the snack industry, where companies are grappling with rising costs, shifting consumer preferences, and consolidation pressures.