Wednesday, June 30, 2021

General Mills Q4 Profit Declines, But Results Top Estimates

Branded food company General Mills, Inc. (GIS) announced Wednesday that profit for the fourth quarter declined 33 percent from last year, hurt by lower gross margins, higher restructuring charges and a loss on the sale of the LaticĂ­nios Carolina yogurt business in Brazil. However, adjusted earnings per share and quarterly net sales topped analysts' estimates.

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