Why General Mills Stock Jumped Today
The packaged goods giant is slashing costs as it battles inflation.
Overview
Shares of General Mills (NYSE: GIS) rallied on Wednesday after the cereal and snack food maker's profits exceeded investors' expectations.
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General Mills' net sales increased 1% to $4.6 billion in its fiscal 2026 fourth quarter, which ended on May 31. The company's organic sales, which strip out the effects of acquisitions and divestitures, were flat year over year.
Details
Source
Originally published at www.fool.com.
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