General Mills Confident in Turnaround Despite Falling Profits

General Mills confident in turnaround despite falling profits

General Mills’ profits are dropping, but a turnaround plan is already in motion and executives said Wednesday they believe it’s off to an encouraging start. The Golden Valley-based food company’s adjusted profit — which ignores irregular financial gains and losses…

General Mills Profit, Sales Slip as Turnaround Continues

The maker of Cheerios and Annie’s macaroni and cheese saw fiscal first-quarter profit fall to $397 million, or 74 cents a share, from $1.2 billion, or $2.22 a share, a year ago.