General Mills (GIS) said its profit and earnings growth were ahead of its expectations for the first-quarter. Net sales decreased 2 percent, while organic net sales were down 1 percent, for the quarter. The decline in organic net sales was due to lower organic volume, partially offset by positive organic net price realization and mix across all operating segments. Looking forward, the company reaffirmed its fiscal 2020 outlook. Shares of General Mills were down more than 4 percent in pre-market trade on Wednesday.
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