USA: General Mills reports earnings of 54 cents per share in fiscal 2001 third quarter
General Mills today reported record sales and earnings for its fiscal 2001 third quarter. Diluted earnings per share totaled 54 cents, up 8 percent from the 50 cents per share earned in the same period last year. Earnings before interest and taxes increased 5 percent to $295.8 million. Third quarter interest expense was higher, as anticipated, due to increased debt levels associated with prior-year acquisitions and share repurchases. As a result, earnings after tax grew 3 percent to $157.5 million. Sales for the 13 weeks ended Feb. 25, 2001, grew 5 percent to $1.70 billion.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Interview: The Soulfull Project's mission
- General Mills sales woes continue - analysis
- Post Holdings 'close to acquiring Weetabix'
- Kraft Heinz cuts jobs in US, Canada
- UK, EU food faces "more costly" trade, warns study
- Recipe-kit firm HelloFresh launches into UK retail
- UK sets 20% sugar cut guidelines for food industry