From Justin Spittler, Editor, Casey Daily Dispatch:

General Mills (GIS) plunged 9% last Wednesday.

It was the stock’s worst single-day drop since October 2008. And it all started after the cereal maker shared bad news.

That day, General Mills drastically cut its profit guidance for the year. It warned that its profits will likely grow just 0–1%—down from its previous forecast of 3–4%.

Shareholders didn’t like hearing this. So, they dumped General Mills by the truckload.

The stock is now trading at its lowest level in five years.

Of course, sell-offs like this happen all the time…

They usually aren’t worth commenting on. So, why am I telling you this?

Simple. General Mills just sounded the alarm on inflation. Look at what its CEO said on last week’s earnings call:

Like the broader industry, we’re seeing sharp increases in input costs, including inflation in freight and commodities. Because of our