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General Mills 2nd-quarter profits dip despite sales gain


Corridor Business Journal: General Mills today reported second-quarter earnings of 74 cents per share, a decline of 8 percent, despite signs of reviving sales. Net sales were up 2 percent to $4.2 billion. North America retail sales were up 1 percent. The improvement in North America was driven by a 7 percent sales increase in cereal and a 5 percent increase in snacks. General Mills operates its largest cereal and fruit snacks plant in Cedar Rapids. 

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