If there is an impact, it is not yet visible to us, |
Our problem was we got our [prices] a little high and we had to bring them back in line. We had a decline in cereal shipments that was offset by price realisation on cereals, so our overall cereal sales were flat. |
Our strong first quarter was achieved without any sales increase [in cereal], with a volume decline, ... Going forward, we expect cereal sales to grow for the balance of the year. |
These actions are difficult because they directly affect our employees. However, by addressing the changes in our product mix, we should strengthen our ability to compete, |
These first-quarter results put us on track to meet our full-year financial objectives, |
This was a good start to the year, generated by strong unit volume growth, margin improvement, and an increased earnings contribution from our international operations, ... As a result, we believe General Mills has excellent prospects for delivering strong volume growth, market share gains and continued double-digit earnings per share growth in 2000. |
Total has a great nutrition story, ... We need to offer variety and taste appeal. |
We are pleased with this settlement as a partial recovery of the costs we incurred. It's welcome news to the General Mills people who worked so hard in 1994 to help the company rebound from this event. |
We?re pleased with our performance in the second quarter. The 3% net sales gain was on top of a 4% increase in last year?s second quarter, and all three of our business segments posted sales growth for the period. |
We'll be ready to hit the ground running as soon as we receive the remaining regulatory approval, |