General Mills shares plummeted approximately 3.6% in premarket trading on Tuesday after the company slashed its full-year fiscal 2026 outlook. The downgrade stems from weak consumer sentiment and a slower-than-expected volume recovery, prompting executives to cite heightened uncertainty and disrupted purchasing patterns. Chairman and CEO Jeff Harmening will outline the company's transformation efforts under the Accelerate strategy at the Consumer Analyst Group of New York Conference, emphasizing brand remarkability and digital capabilities despite the challenging environment. Adjusted operating profit and EPS now forecast to fall 16% to 20% in constant currency, a significant downgrade from the prior outlook of a 10% to 15% decline. New product net sales expected to rise roughly 25%, but overall net sales are projected to decline 1.5% to 2% for the year.