General Mills ' Sales Fall Short of Forecasts Despite Higher Prices
General Mills said sales took a hit in its most recently completed quarter as volumes continue to weaken and retailers trim their inventories.
The maker of Cheerios and Bisquick pancake mix reported Wednesday that its top line rose 3%, boosted again by higher prices that food makers have been using for more than a year to pass through higher costs to consumers.
Volumes meanwhile fell 6%, with the biggest drop-offs seen in the Minneapolis-based company's international and North American retail markets...
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