General Mills Inc. said it expects higher demand for its products amid the Covid-19 pandemic and an economic recession to continue.

The maker of Cheerios cereal, Häagen-Dazs ice cream, Nature Valley granola bars and other products on Wednesday said sales surged in its biggest markets during its latest quarter as consumers stocked up during the coronavirus-related lockdowns

General Mills reported $5.02 billion in sales for the quarter ended May 31, up from $4.16 billion a year earlier and ahead of the $4.99 billion that analysts predicted. Comparable sales rose 16% in the quarter.


Back to Latest