General Mills stock falls nearly 5% pre-market. The company lowers its sales and profit expectations for the year.

General Mills fell nearly 5% before the market opened, as the company lowered its annual core net sales and profit expectations on Tuesday, citing weak consumer sentiment. The company expects full-year sales to decline between 1.5% and 2%, compared to the previous forecast of a 1% decrease to 1% growth. Adjusted operating profit and adjusted earnings per share are now expected to decrease by 16% to 20% according to fixed exchange rates, compared to the previous range of a 10% to 15% decrease.