General Mills to use pricing power to maintain margins in 2022.
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General Mills had a fairly good quarter, continuing a string of success that most branded consumer goods companies have had over the pandemic. It had $5 billion in revenue over the last three months, 6% higher than the year before. However, profit declined 13%–caused mostly by inflation. How does the Minnesota-based company plan to get that profit back? During its’ recent investor call, General Mills made it clear it will use its pricing power.
General Mills to use pricing power to maintain margins in 2022.
General Mills to use pricing power to…
General Mills to use pricing power to maintain margins in 2022.
General Mills had a fairly good quarter, continuing a string of success that most branded consumer goods companies have had over the pandemic. It had $5 billion in revenue over the last three months, 6% higher than the year before. However, profit declined 13%–caused mostly by inflation. How does the Minnesota-based company plan to get that profit back? During its’ recent investor call, General Mills made it clear it will use its pricing power.