- December 22, 2021
- Posted by: Stratford Team
- Category: Business
MINNEAPOLIS — Amid an operating environment as tough as any experienced during his career, Jeffrey L. Harmening, chairman and chief executive officer of General Mills, Inc., said the company has enjoyed standout success in numerous categories, many in grain-based foods.
Mr. Harmening and his colleagues offered an upbeat view and said General Mills would still reach its financial goals for the year despite a tough second quarter.
In the period ended Nov. 28, General Mills net income was $597.2 million, equal to 98¢ per share on the common stock, down 13% from $688.4 million, or $1.12 per share, in the first quarter last year. Net sales were $5.024 billion, up 6%.
“We continued to compete effectively and execute well this quarter in a challenging operating environment,” Mr. Harmening said. “In the face of an unprecedented combination of input cost inflation and supply chain disruptions, we’re moving quickly to keep our trusted brands on store…
