“We got off to a slower start in our other segments, and we’re taking actions to drive topline improvement for those segments,” General Mills chief executive officer Jeff Harmening said in a statement.Overall, company’s net sales slipped 2.2 per cent to $4 billion, missing the average analyst estimate of $4.08 billion, according to IBES data from Refinitiv.
However, excluding items, the company earned 79 cents per share, beating analysts expectation of 77 cents, helped by cost savings efforts. Our Morning Update and Evening Update newsletters are written by Globe editors, giving you a concise summary of the day’s most important headlines.
globebusiness This is clearly the result of millennials RUINING the cereal industry by buying avocado toast rather than good old fashioned chocolate and sugar balls!