Dec 20 General Mills Inc reported a 7 percent fall in quarterly sales on Tuesday, hurt by weak demand for its Yoplait yogurt, and Progresso soups and the divestiture of its North American Green Giant canned and frozen vegetable business.
Net earnings attributable to the company fell to $481.8 million, or 80 cents per share, in the second quarter ended Nov. 27, from $529.5 million, or 87 cents per share, a year earlier.
The Minneapolis-based company's net sales fell to $4.11 billion from $4.42 billion. (Reporting by Gayathree Ganesan in Bengaluru; Editing by Martina D'Couto)
UPDATE 3-Mexican peso's slump hits Kansas City Southern profit
CHICAGO, Jan 20 Kansas City Southern on Friday reported a lower quarterly net profit that missed Wall Street estimates by a wide margin as a historic drop in the Mexican peso after the election of President-elect Donald Trump affected the regional U.S. railroad's operations in Mexico.
UPDATE 3-Germany says U.S. under Trump must abide by trade deals
BERLIN, Jan 20 The United States must stick to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble said on Friday, adding he did not expect a major trade war despite Trump's attack on German car makers.