Financials & Economy

The company attributed the improved performance to its strategy of expanding higher-value product offerings, increasing operational efficiency, and strengthening its feed segment, which has become a key driver of growth.

The financial results highlight modest sales growth in the final quarter, continued pressure on annual performance, and a strategic reset under new President and Chief Executive Officer John Brase.

General Mills posted net sales of US$4.6 billion, representing a 1% increase from the same period last year.

The company reported record sales volumes and stronger revenues in its first annual report as an independent business while continuing to expand its global footprint.

Campbell’s posted net sales of $2.37 billion, representing a 4% decline compared with the same period a year earlier.