December 18, 2019 / 12:13 PM / in 2 months

General Mills misses quarterly sales estimates

Dec 18 (Reuters) - General Mills Inc’s quarterly sales missed Wall Street expectations on Wednesday, as the Cheerios maker was hit by lower demand for its snacks and yogurts in the United States.

Net earnings attributable to the company rose to $580.8 million, or 95 cents per share, in the second quarter ended Nov. 24, from $343.4 million, or 57 cents per share, a year earlier.

The year-ago quarter included impairment and restructuring costs of about $209.4 million.

Net sales rose to $4.42 billion from $4.41 billion, missing the average analyst estimate of $4.43 billion, according to IBES data from Refinitiv. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Amy Caren Daniel)

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