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Article: General Mills Reports Record Earnings of 78 Cents Per Share for Fiscal 1997 Third Quarter

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PR Newswire
Article date:
March 12, 1997
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MINNEAPOLIS, March 12 /PRNewswire/ -- General Mills (NYSE: GIS) today reported earnings of 78 cents per share for the third quarter of fiscal 1997, up 7 percent from the 73 cents per share earned in the same period last year. Results for the 13-week period ended Feb. 23, 1997, were reduced 2 cents per share as expected by the acquisition of the Ralcorp branded cereal and snacks businesses completed Jan. 31, 1997.

Third-quarter sales of $1.29 billion were down 1 percent due to lower Big G cereal prices implemented in June 1996 and a 1 percent decline in domestic 

 
retail packaged food volume.   The unit volume comparison reflects lower levels of ...

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