date:Sep 20, 2013
General Mills has reported that its net earnings declined 16.3% to $459.3m for the first quarter of fiscal 2014, compared with $548.9m for the same period in 2013, as special items boosted its year-ago results.
Net sales, for the quarter ended 25 August, were up 7.9% to $4.37bn, compared with $4.05bn a year ago, with newly acquired businesses overseas contributing 5% points gain and increasing demand for yogurt products.
General Mills chairman and CEO Ken Powell said this performance represent