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Wednesday, Sep 18
More on General Mills
- General Mills (GIS) meets the expectation of analysts for FQ1 as new businesses added 5 percentage points to its sales growth during the period.
- The U.S. retail segment saw a combination of pound volume and mix gains help drive a 4% Y/Y increase in sales.
- Gross margin fell 330 bps with commodity costs and a higher advertising spend both a factor.
- The company reaffirmed previous guidance for FY14.