Stocks

“Clorox, General Mills, and Constellation Brands Are Down Between 22% and 33%…”

“…Clorox stock has fallen roughly 35% over the past year, with about half of that coming in just the past month. The company cut its full-year outlook, citing inflation, supply chain strain, and early costs from digesting its purchase of hand sanitizer maker GOJO…

…General Mills stock is down roughly 22% so far this year, and the moves it’s made lately read like a company trying to become something different. It has completely sold off its U.S. and Canadian yogurt businesses, agreed to divest its Brazil operations, and is exiting its Häagen-Dazs shops in mainland China, while steering investment toward premium pet food and smaller, faster-growing brands. Chief Executive Officer Jeff Harmening has said new acquisitions aren’t a priority right now, since paying down debt comes first…”

https://finance.yahoo.com/markets/stocks/articles/clorox-general-mills-constellation-brands-180500605.html

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