General Mills Posts 29% Gain in Earnings
- Share via
General Mills Inc. said its fiscal first-quarter earnings climbed 29% from a year earlier, as it introduced 70 new products and continued to work through its acquisition of Pillsbury.
The company acknowledged some remaining problems with combining production with the former Pillsbury brands as it earned $227 million, or 59 cents a share, for the quarter ended Aug. 24. That’s compared with $176 million, or 47 cents, a year earlier.
Net sales for the quarter were $2.52 billion, up from $2.36 billion a year earlier.
Shares of Minneapolis-based General Mills rose 63 cents to $47.73 on the NYSE.
From Associated Press
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
