Gen­eral Mills beats ex­pec­ta­tions

The Daily Herald - - HERALD BUSINESS JOURNAL -

Gen­eral Mills beat earn­ings ex­pec­ta­tions as it carved out more profit amid de­clin­ing sales this spring, and ex­ec­u­tives on Wed­nes­day un­veiled a new fo­cus around prod­ucts that will de­liver both. The com­pany said it would in­vest more heav­ily in what it called “growth” busi­nesses. In the U.S., that means ce­real, snack bars and nat­u­ral and or­ganic brands, pizza rolls, Mex­i­can food and yo­gurt. The growth busi­nesses ac­count for about 75 of the com­pany’s over­all rev­enue and op­er­at­ing profit.

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