General Mills Profit Rises on Cereal, Snack Sales
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General Mills Inc., the maker of Cheerios and Green Giant frozen vegetables, said first-quarter profit gained 12 percent, helped by sales of a chocolate-flavored cereal and new snack bars.
Net income advanced to $472.1 million, or 70 cents a share, the Minneapolis-based company said in a statement. Profit excluding some items totaled 64 cents a share, exceeding by 1 cent the average of analysts’ estimates compiled by Bloomberg.