How General Mills’ Segments Performed in Fiscal Q4
Sales in General Mills’ (GIS) North America retail segment, its largest business division, remained flat at $2.4 billion in the fiscal fourth quarter as benefits from increased sales in the US snacks and cereal segment were offset by a continued decline in yogurt and meals and baking products. Organic sales decreased 1% as lower volumes offset improved pricing and mix. Meanwhile, net sales in Canada fell 5% on a currency-neutral basis.