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.
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.
Despite a challenging market environment, IFF maintained its full-year guidance.