0843 ET - General Mills reports sales in its North American pet food business were up 5% in F2Q at $596 million thanks to higher volumes, which offset negative impacts from pricing and product mix. The performance outpaced all-channel retail sales as retailers rebuilt their inventory following significant reductions in recent years. Sales of dry pet food were up in the high-single digit percentage range, while wet pet food was up in the mid-single digits and pet treats logged a low-single digit gain. The segment's profit surged 36% year-over-year thanks to the higher volumes, lower supply chain expenses and the company's recent cost-cutting measures. (dean.seal@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 08:43 ET (13:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。