General Mills Says Turnaround Is Progressing, Despite Lower 1Q Sales
General Mills' sales fell in its fiscal first quarter, though the company said its push to return to volume-driven organic growth through investments in price, advertising and new products is beginning to bear fruit.
The maker of Cheerios cereal and Pillsbury doughs on Wednesday posted a profit of $1.2 billion, or $2.22 a share, for its quarter ended Aug. 24. That is up from a profit of $579.9 million, or $1.03 a share, in last year's comparable quarter.
Stripping out certain...
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