General Mills Details Its Recent Demand Spike

General Mills (NYSE: GIS) recently announced several pieces of good news for investors. The consumer foods giant managed to meet its growth targets for the fiscal third quarter, and its short-term outlook was even brighter thanks to surging demand for packaged foods as shoppers dramatically scale back their spending at restaurants in the era of social distancing.

In a conference call with Wall Street analysts, CEO Jeffrey Harmening and his team explained how they are coping with the extra stress on the supply chain while detailing their optimistic outlook for the full fiscal year. Below are a few highlights from that chat.

Image source: Getty Images.

Source Fool.com