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 * Markets
 * Heard on the Street


GENERAL MILLS GETS BITTEN IN PET FOOD MISHAP


FLAT SALES OF BLUE BUFFALO PET FOOD DISAPPOINT INVESTORS

GENERAL MILLS’ PET SEGMENT SALES WERE FLAT FROM A YEAR EARLIER, WHILE ANALYSTS
HAD EXPECTED GROWTH OF 13%.

Photo: Daniel Acker/Bloomberg News
By
Aaron Back
Dec. 20, 2022 11:33 am ET

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Owning a pet means dealing with accidents. So too can owning a pet food brand. 

General Mills ‘ otherwise solid results on Tuesday were spoiled by a hiccup in
pet food sales. Overall sales for the maker of Cinnamon Toast Crunch and
Pillsbury dough were good, with organic sales rising 11% from a year earlier in
the second fiscal quarter ending Nov. 27, compared with analyst estimates for 9%
growth, according to Visible Alpha. The company also raised its guidance for
organic sales and adjusted earnings per share for the full fiscal year. 


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