General Mills profit rises on Yoplait, snack food acquisitions

Golden Valley-based General Mills Inc. says that its fiscal first-quarter profit went up 35 percent, with acquisitions lifting sales, the Associated Press reports. The results in the latest quarter were aided by the food maker's purchase of a controlling stake in Yoplait International and Food Should Taste Good, a natural snack foods company.

Author:: BMTN Staff
Publish date:: Sep 19, 2012

General Mills Inc. says that its fiscal first-quarter profit went up 35 percent, with acquisitions lifting sales, the Associated Press reports. The Golden Valley-based food maker posted higher-than-expected quarterly net earnings of $549.9 million, or 82 cents a share, compared with $405.6 million, or 61 cents in the same period a year ago. General Mills also stands by its full-year outlook of $2.65 per share.

Click here, for more on the fiscal 2013 first-quarter results and financial summary.

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