General Mills Profit Dips on Rising Commodity Costs

CHICAGO (Reuters) - General Mills Inc posted a higher-than-expected quarterly profit, helped by strong sales in the United States and lower commodity costs.

General Mills' fiscal second-quarter earnings rose 8.6% amid fewer restructuring charges and a tax benefit, but the food company's margins took a hit on higher commodity costs.

General Mills said its profit rose 15% on lower commodity costs and rising sales of snack foods and cereals. The company also again lifted its earnings outlook for the year.

General Mills' fiscal second-quarter earnings rose 49% as the company continued to benefit from lower commodity costs and higher prices.

CHICAGO (Reuters) - General Mills Inc posted an increase in quarterly profit, helped by strong sales of higher-margin products like cereal, as well as falling commodity costs.

Reuters - General Mills Inc posted an increase in quarterly profit, helped by strong sales of higher-margin products like cereal, as well as falling commodity costs.

The maker of Cheerios cereal and Yoplait yogurt posted a 15 percent higher profit for its fiscal third quarter on lower commodity costs and rising sales boosted by a sharp increase in marketing spending.

AP - The maker of Cheerios cereal and Yoplait yogurt says its fiscal third-quarter profit climbed on lower commodity costs and rising sales of snacks, cereal and other food items.