General Mills Posts Solid Q1 Numbers

25 September 2006

MINNEAPOLIS: Food manufacturing giant General Mills, maker of the Cheerios and Yoplait brands, has reported a fiscal first quarter income rise of 6% to $267 million (€208m; £140m) over the same period a year ago.

Sales rose 7% to $2.86 billion from $2.68bn, driven by a 4% increase in volume and a 2% increase in pricing.

Comments chairman/ceo Steve Sanger: "This is a solid start to the year, driven by good unit volume and sales gains in each of our three operating segments."

Data sourced from Wall Street Journal Online; additional content by WARC staff