General Mills F2Q Sales Boosted by Later Thanksgiving Holiday -- Market Talk

Dow Jones

2024/12/18

0900 ET - General Mills says sales in its North American retail business were up 1% on an organic basis thanks to an increase in retailer inventory driven in part by the late Thanksgiving holiday this year. Thanksgiving was in the final week of F2Q a year ago but the first week of F3Q this year. The later holiday and other timing-related benefits are expected to reverse in the second half of fiscal 2025, the company says. Net sales were flat year-over-year as higher prices offset a drop in volumes. (dean.seal@wsj.com)

(END) Dow Jones Newswires

December 18, 2024 09:00 ET (14:00 GMT)

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The later holiday and other timing-related benefits are expected to reverse in the second half of fiscal 2025, the company says. Net sales were flat year-over-year as higher prices offset a drop in volumes. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 09:00 ET (14:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}