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General Mills reports results for ’20 Q3; Net sales worth $4.2 billion
date:Mar 26, 2020
sults versus the prior year included a 50 basis-point headwind from lower Hagen-Dazs net sales in Asia in February, driven by the impact of the COVID-19 virus outbreak on consumer traffic in Hagen-Dazs shops and foodservice outlets.

Gross margin declined 80 basis points to 33.6 per cent of net sales. Adjusted gross margin of 33.9 percent was 30 basis points below the prior year, driven by input cost inflation and higher other supply chain costs, partially offset by holistic margin management (

12/25 07:21