Jim Cramer Says General Mills “Put Up Incredibly Weak Numbers”

General Mills, Inc. (NYSE:GIS) is one of the 13 stocks Jim Cramer recently shed light on. Cramer said that the company has to “cut price big time,” as he remarked:

“Finally, there are the miserable consumer packaged goods plays. Oh my god, they’re so horrible. Today, the once invincible General Mills… put up incredibly weak numbers. The General used to be the most clockwork of the group. Today, the stock slipped over 5%. Amazing. Look, if you listen to management on the conference call, they don’t even sound challenged. It seems like they think it’s business as usual. They chatter on and on about some algorithm that gives them the numbers they want, but they don’t seem to understand that they gotta cut price big time or do some merging in order to make things palatable.”

Jim Cramer Says General Mills "Put Up Incredibly Weak Numbers"

A worker in a production facility packaging arbitrary food products, reflecting the company’s commitment to comprehensive production standards.

General Mills (NYSE:GIS) produces and markets a wide range of packaged food and pet products, including cereals, snacks, baking goods, frozen meals, and pet food.

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