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Before Wednesday’s opening bell, General Mills (GIS ) reported lower results for its third quarter, but still beat analysts’ expectations.
General Mills Chairman and Chief Executive Officer Ken Powell commented: “Our third-quarter results reflect strengthened operating performance. Our U.S. Retail segment posted net sales and profit growth including contributions from the Annie’s business acquired in October 2014. Constant-currency net sales and profit growth accelerated for our International segment. And the Convenience Stores and Foodservice segment led our operating results, with sales up 6 percent and profit up 11 percent.”
General Mills will pay its next 44 cent dividend on May 1. The stock is going ex-dividend on April 8.
Shares of GIS were up 47 cents, or 0.90% during premarket trading Wednesday. The stock is down 2.4% YTD.