GIS - General Mills Raises Full-Year Guidance Thanks to Higher Prices
General Mills (NYSE:GIS) announced third-quarter results that beat analysts’ expectations on Wednesday and posted sales in line with forecasts.
Demand for Groceries is Still HighThe maker of cereal, snack bar, and pet food raised its full-year sales and profit forecast, encouraged by higher prices and strong demand for its products. The surge in demand for groceries due to the pandemic has continued, boosting General Mills sales as people cook more at home at a time when restaurants have hiked menu prices to offset the inflation.
General Mills Chairman and CEO Jeff Harmening said: ...
Get the latest stock market news on StreetSignals . Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer .
For further details see:
General Mills Raises Full-Year Guidance Thanks to Higher Prices