Rough winter weather took a bite out of General Mills’ fiscal third-quarter sales, and the cereal maker’s results missed Wall Street expectations. The maker of Cheerios, Yoplait and Betty Crocker products said Wednesday that its fiscal third-quarter net income rose 3 percent.
General Mills, whose brands include Cheerios, Yoplait and Betty Crocker, on Friday issued a lower-than-expected profit prediction for its fiscal third quarter, citing lower demand for its products in developed markets.
General Mills’ fiscal second-quarter net income rose 2 percent, helped by lower expenses. But the Minneapolis company’s performance fell short of Wall Street’s expectations. Its stock declined more than 2 percent in Wednesday premarket trading.
Spend some time with Free the Children founder Craig Kielburger, and you can feel the 30-year-old Canadian activist’s passion.
General Mills Inc. is benefiting from its acquisition of Yoplait International, even as it struggles to expand its yogurt business at home.
Greek yogurt is a product that’s taking a huge scoop out of the yogurt industry.
General Mills Inc. said Friday its $1.2 billion acquisition of a controlling stake in yogurt company Yoplait is complete.
General Mills Inc. said Wednesday that it has signed a deal to buy a controlling stake in French yogurt company Yoplait for about $1.15 billion.
General Mills said Friday that it has entered into exclusive negotiations to buy a majority stake in French yogurt company Yoplait.
General Mills Inc. is prepared to pay $2.22 billion for a majority stake in Yoplait to beat out competitors for the French yogurt company, according to published reports.