Article Date 20/03/2019

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General Mills 8% stronger as third-quarter sales reach $4.2bn

Source FoodBev

General Mills was 8% stronger in its third quarter, after net sales rose to $4.2 billion.

The snack company added more than $300 million in additional revenue compared to the same period last year, while operating profit rose by 14.4% to reach $651 million.

The Minneapolis-based firm has stabilised under CEO Jeff Harmening but has faced recent retail struggles in North America, its largest market, which saw declines in net sales of 2% and 3.4% respectively in its first and second quarters.

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