General Mills warns profit hit by competition
date:Mar 17, 2014
t the decline was in line with recent food industry trends in developed markets.

The company said it expects adjusted earnings of 61-62 cents per share for the third quarter.

Analysts on average expect a profit of 68 cents per share, according to Thomson Reuters I/B/E/S.

General Mills also said it expects third-quarter operating profit for its U.S. retail business, its largest by revenue, to be 10-11 percent below year-ago results.

The company, which reaffirmed its adjusted earnings forecast
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