SOURCE: Industrial Info Resources

Industrial Info Resources

December 17, 2010 05:30 ET

General Mills' Net Earnings Rise in Company's Second Fiscal Quarter, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 17, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Yesterday, General Mills Incorporated (Minneapolis, Minnesota) reported results for the company's 2011 fiscal second quarter year, which ended November 28. Despite only a moderate growth in net sales and a drop in operating profit from the corresponding quarter of last year, General Mills' net earnings of $613.9 million year were up 8.6% year over year.

Although total net sales were up only moderately, sales in the company's Yoplait division were up 4% from last year. General Mills is in the process of expanding its food production plant in Murfreesboro, Tennessee, to increase production of the company's Yoplait yogurt line. Details of the $100 million project can be found in Industrial Info's North American Industrial Database.

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