MINNEAPOLIS (AP) — General Mills, whose brands include Cheerios, Yoplait and Betty Crocker, on Friday issued a lower-than-expected profit prediction for its fiscal third quarter, citing lower demand for its products in developed markets.

For the quarter ended Feb. 23, the Minneapolis-based food company said that it expects to earn about 61 cents or 62 cents per share on an adjusted basis. Analysts, on average, expect earnings of 68 cents per share, according to FactSet.