Reported 21 days ago
General Mills has announced a smaller-than-anticipated decline in quarterly sales, attributed to better demand following price reductions on some products. Sales fell 1% to $4.85 billion, less than the expected 2.11% drop, even as the company faces challenges from increasing input costs. CEO Jeff Harmening noted a shift towards home-cooked meals among consumers contributing to a slight volume growth in U.S. retail. The firm is optimistic about improving volume trends in fiscal 2025, despite a projected overall growth below long-term targets.
Source: YAHOO