date:Dec 19, 2013
General Mills Inc reported lower-than-expected quarterly earnings as ingredient costs rose and U.S. sales of its ready-to-eat meals and frozen foods fell, and it said full-year profit could come in at the low end of its forecast.
The company said sales in its U.S. retail business, its largest by revenue, fell 1 percent in the second quarter.
The frozen food business includes Green Giant frozen vegetables and the ready-to-eat meals business includes Cheerios cereals and Progresso soup.
U.S. re