Why General Mills' Shares Jumped 15.1% in the First Half of 2020
Shares of General Mills (NYSE: GIS) were up 15.1% in the first half of 2020, according to data provided by S&P Global Market Intelligence, as the company performed well during the COVID-19 pandemic.
That makes sense, since General Mills' products are performing well in grocery stores, more than offsetting losses in restaurant sales. That's exemplified by the company's 21% increase in sales in the fiscal fourth quarter, which ended May 31. Organic sales were even up an impressive 16%, a rate you wouldn't normally see in the food business.
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Source Fool.com
