General Mills beats expectations
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.