Reuters logo
General Mills quarterly sales fall 6 pct
December 17, 2015 / 12:10 PM / 2 years ago

General Mills quarterly sales fall 6 pct

Dec 17 (Reuters) - General Mills Inc’s quarterly sales fell 6 percent, the second straight quarter of decline, hurt by a strong dollar and weak demand for snacks and baking products in the United States, its biggest market.

The Cheerios cereal maker said U.S. retail sales fell 4 percent in the second quarter ended Nov. 29.

The net income attributable to General Mills rose to $529.5 million, or 87 cents per share, from $346.1 million, or 56 cents per share, a year earlier.

Revenue fell to $4.42 billion from $4.71 billion. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Kirti Pandey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below