General Mills' 2013 outlook improves slightly - Bring Me The News

General Mills' 2013 outlook improves slightly


Minnesota-based General Mills Inc. on Wednesday posted higher-than-expected earnings for the second fiscal quarter and raised its full-year outlook a tad, Reuters reported.

Here's the 2Q fiscal report.

The cereal and soup manufacturer reported it expects ingredient cost inflation to hurt the company's bottom line due in part to the drought that hit the Midwest and pushed up prices for corn and other grains, Reuters reported.

Still, the company expects to earn $2.65 to $2.67 per share in fiscal 2013, a slight adjustment from its previous estimate: $2.65.

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