General Mills up on signs of improving volume trends through FY25
** Shares of Cheerios maker General Mills GIS.N reverse course to rise as much as 1.3% to $75.46
** Co expects volume trends to gradually improve in fiscal 2025, although full-year category dollar growth is expected to be below the company's long-term growth projections
** General Mills sees brighter days ahead as it expects volumes to improve as inflation wanes and consumer confidence improves - Zak Stambor, analyst with eMarketer
** GIS reaffirms its FY25 profit and revenue forecasts
** Posts Q1 net sales of $4.85 bln, beating LSEG estimates of $4.80 bln
** Says gross margin fell 130 basis points to 34.8% on cost inflation and lower sale prices
** GIS shares were down ~3% at market open
** Up to Tuesday's close, stock had risen ~14% YTD
Reporting by Neil J Kanatt in Bengaluru
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