Dec 20 (Reuters) – General Mills Inc’s (GIS) quarterly sales rose 2.1 percent, helped by strong demand for its cereal and snack brands such as Lucky Charms and Nature Valley.
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Net income attributable to the company fell to $430.5 million in the second quarter ended Nov. 26 from $481.8 million a year earlier, due to heavy discounting.
On a per-share basis, earnings fell to 74 cents from 80 cents.
The company’s net sales rose to $4.20 billion from $4.11 billion.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel)
