In late June, General Mills forecast revenue growth in the mid-single digits. Despite price increases, General Mills said investors should expect its profit this year -- and particularly in the current quarter -- to be pressured by higher costs.

A roster of companies from Starbucks ( SBUX) and Kraft Foods ( KFT) to Tyson ( TSN) and McDonald's ( MCD) have reported that higher costs were eating into their bottom lines; each has instituted price increases to offset those costs.

In May , Starbucks announced a 17% price hike in bagged coffee, echoing J.M. Smucker's ( SJM) move a day earlier when it raised coffee prices by 11%, its fourth price hike this year.

-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:


>>See our new stock quote page.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

If you liked this article you might like

It's Decision Time for the Fed in the Week Ahead

Fight Off Complacency: Cramer's 'Mad Money' Recap (Fri 9/15/17)

Jim Cramer Calls for Firing of Equifax CEO Richard Smith; Challenges Board

Hurricane Irma, a Debt Deal and Disney Cause Wall Street Waves

Hurricane Irma Bears Down on Equities and Disney Slide Hits Dow