USA: General Mills warns on lower earnings
US food manufacturer General Mills said fiscal Q3 and full-year profits will fall short of earlier forecasts. US sales slowed as it hooked up its sales teams with those of Pillsbury , which it acquired from UK drinks major Diageo in October for US$10.4bn. Profits in the quarter ending this month will be between 27 and 29 cents per share, on sales volumes down by 3-4%.
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