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General Mills Profit Rises, Helped by Cost Cuts

2015-12-19 13:48:11| Agriculture - Topix.net

General Mills Inc. on Thursday reported fiscal second-quarter earnings of $529.5 million, according the Associated Press , or 87 cents a share, up from $346.1 million, or 56 cents, a year earlier. Excluding a loss stemming from the aforementioned divestiture and stripping out restructuring costs, among other items, per-share profit rose to 82 cents from 80 cents.

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General Mills, Inc. (GIS) Downgraded by Zacks Investment Research to Sell

2015-12-18 23:24:27| Agriculture - Topix.net

According to Zacks, "General Mills' second-quarter fiscal 2016 adjusted earnings of $0.82 per share were in line with the Zacks Consensus Estimate while sales missed the same. Re-structuring cost savings and lower advertising costs offset the slump in revenues to result in a 5% earnings growth.

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General Mills Reports Progress on Sodium Reduction

2015-12-18 06:53:37| Agriculture - Topix.net

General Mills has reported on the progress it has made against its publicly commitment to reduce sodium by 20% across 10 key U.S. retail product categories by the end of 2015. General Mills has met or exceeded its stated goal in seven of 10 categories, with reductions across the 10 categories ranging from 18% to 35%.

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Cramer Q&A - He Says General Mills Still a Stock to Hold for Long-Term

2015-12-17 20:12:47| Agriculture - Topix.net

General Mills is a still a stock to hold for the long term, even as the company missed on earnings due to a slump in cereal sales, according to Jim Cramer. Cramer likes that the company bought back stock in the first half of the year, and that the company is taking action like getting rid of the Green Giant label.

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