First quarter net sales increased 9 percent to $4.4 billion and organic net sales were up 10 percent, reflecting increased pound volume due to elevated at-home food demand resulting from the COVID-19 pandemic, as well as positive net price realization and mix. Constant-currency adjusted operating profit increased 22 percent, for the quarter. Key Wallstreet News, Key Wallstreet The maker of Cocoa Puffs and Lucky Charms acquired Blue Buffalo Pet Products for $8 billion last year in a push to capitalize on growing demand for pet food. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.87, for the quarter.
General Mills Foundation: Today, more than 60 years after our Foundation was officially formed, our commitment to our communities remains unwavering. Get this delivered to your inbox, and more info about our products and services. Sign in. Sign up for free newsletters and get more CNBC delivered to your inbox. Radar, Short-Term You can also select from a set of available indicators by clicking on the link to the right. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. Net earnings attributable to the company rose 69% to $580.8 million in the second quarter ended Nov. 24, as it recorded impairment and restructuring costs of $209.4 million in the year-ago quarter. Events, Industry In a tweet, Musk said, "We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Data is a real-time snapshot *Data is delayed at least 15 minutes. Please try again by refreshing your browser or contact us with details of your problem. Approvals, US An error occurred.

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All rights reserved. Public market does *not* like erratic, 150 Million Covid Rapid Tests To Be Distributed Nationwide, CDC Update Says Coronavirus Can Spread Through Air, Adult Obesity Increasing; Worsens Outcomes From COVID-19: CDC, Europe Signs Deal With Sanofi, GSK To Secure Up To 300 Mln COVID-19 Vaccine Doses, Biden Demands Trump's Resignation Over COVID-19 Response, Tracking Coronavirus Vaccines In Human Trials. View and export this data going back to 1984. "We continued to drive exceptional results this quarter, highlighted by broad-based market share gains amid elevated at-home food demand due to the COVID-19 pandemic," said General Mills CEO Jeff Harmening.