General Mills Still Thinks Growth Will Accelerate This Year
Investors had high hopes that General Mills (NYSE: GIS) would have good news to report in its fiscal second-quarter earnings announcement. The consumer packaged foods giant has been struggling with flat or falling demand for two years, but its latest results suggested that growth could return in 2019 even as cost cuts boost the earnings power of the business.
On Wednesday, General Mills executives said that they were able to achieve higher sales this quarter, along with a sharp jump in operating profit margin. The company forecast accelerating growth results over the next six months, too.
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Source Fool.com
