![]() General Mills isn’t the only one feeling the heat of an inflationary environment, either. As households are getting smarter about how they spend money, net organic sales are on the decline. ![]() The cost of goods line item is expected to soar by 7 percent.Īdjusted earnings per share of General Mills stock have already dropped from $1.10 in 2020 to $0.91 in 2021. The cereal company has to focus on their margins – and since they’re seeing costs rise, they have no choice but to raise their own costs. General Mills has already announced that they are working in an “inflationary environment” and warns that they will be hiking prices to compensate.
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