22.09.2016 - General Mills reported weak results
General Mills Inc. has published a report for the last quarter, according to which revenue fell by 7.1% to 3.91 billion dollars. The reason for the deterioration was the weak performance of yogurt sales. At the same time, the company expects an improvement in sales of organic food with the help of Annie's Homegrown brand promotion that the company bought 2 years ago. Overall, the company's profit totaled 409 million dollars compared with 426.6 million a year earlier. We forecast a decline in the company's shares in the coming months, but in the medium term, growth may reach 15-18%.