Home > Global Industry > General Mills: reports results for fiscal 2008 first quarter

General Mills: reports results for fiscal 2008 first quarter

Minneapolis / MN. (gm) General Mills Inc. reported results for the first quarter of fiscal 2008. Net sales for the 13 weeks ended August 26 rose seven percent to 3,07 billion USD. Segment operating profits grew nine percent to 578 million USD, including an eleven percent increase in consumer marketing expense during the quarter. Net earnings totaled 289 million USD, up eight percent including restructuring costs. Diluted earnings per share (EPS) totaled 81 cents, up nine percent from 74 cents a year ago. Chairman and Chief Executive Officer Steve Sanger said: «This represents a very good start to the year. Our continuing growth reflects broad-based sales momentum, and even stronger operating profit growth despite challenging input-cost inflation and increased consumer marketing investment to build our brands» (news release).

This website stores some user agent data. These data are used to provide a more personalized experience and to track your whereabouts around our website in compliance with the European General Data Protection Regulation. If you decide to opt-out of any future tracking, a cookie will be set up in your browser to remember this choice for one year. I Agree, Deny