General Mills Misses Quarterly Profit Estimates Amid Supply Chain Woes, Inflation

General Mills Inc.'s Cheerios and Honey Nut Cheerios are displayed on the shelf of a Whole Foods Market store in Venice, Calif., on March 17, 2018. Lisa Baertlein/Reuters

General Mills Inc. missed Wall Street estimates for quarterly profit on Tuesday, as the Cheerios cereal maker grappled with soaring prices of raw materials and higher costs of freight and labor.

Shares of the Minneapolis, Minnesota-based company were down about 4 percent in premarket trade.