17.12.2015 - Shares of General Mills may fall after weak statistics
General Mills reported results for the second quarter of the fiscal year. As a result, in the last quarter profit rose to 529.5 million dollars compared to 346.1 million for the same period last year. Sales fell by 6.1% to 4.42 billion dollars. In the US, retail sales fell by 4% to 2.76 billion. We expect the company's shares decline by 15-18% per annum in the medium term.