Americans are splurging on food for their cats and dogs — but not snacks for them and their kids.
New York That's not great news for General Mills.
Shares of General Mills , the owner of Cheerios, Lucky Charms and Yoplait, fell 7% in early trading Wednesday after the company reported its latest quarterly results. That made General Mills the worst performing stock in the S&P 500.Sales missed forecasts, despite soaring demand for the company's Blue Buffalo pet food.
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