Income Slip at General Mills
The company maintained its adjusted full-year earnings guidance but cautioned that second-half gross margin as a percent of sales will be below year-ago levels.
General Mills Inc. earned $444.8 million, down from $613.9 million a year earlier.
Revenue rose 14% to $4.62 billion from $4.07 billion, helped by higher prices.
From the December 20, 2011, Prepared Foods' Daily News.