General Mills Inc’s (GIS.N) quarterly sales rose 2.1 percent, helped by strong demand for its cereal and snack brands such as Lucky Charms and Nature Valley.
Net income attributable to the company fell to $430.5 million in the second quarter ended Nov. 26 from $481.8 million a year earlier, due to heavy discounting.
On a per-share basis, earnings fell to 74 cents from 80 cents. The company’s net sales rose to $4.20 billion from $4.11 billion, Reuters reports.
