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General Mills Surges on Strong Earnings | Business and Finance News
Description
General Mills surged on the stock market after smashing earnings expectations, posting $4.6 billion in net sales with a 1% boost thanks to higher prices that fueled margins and profits. The real win? Adjusted EPS jumped 27% to 95 cents—way above forecasts—showing sharp financial discipline. But ahead lies a tougher consumer landscape, with the company bracing for falling organic sales and lower profits. To fight back, they’re doubling down on innovation for health-focused products and slashing costs—targeting $750 million in savings next year and $3 billion by 2030. CEO’s message? Efficiency is key to weather inflation, drive growth, and secure their future.
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