General Mills sales fall 7%

General Mills reported a 7 percent drop in quarterly earnings, hurt by weak demand for its Yoplait yogurt and Progresso soups, as well as the divestiture of its North American Green Giant canned and frozen vegetable business.

Net earnings attributable to the company decreased to $481.8 million, or 80 cents per share, in the second quarter ended Nov. 27, from $529.5 million, or 87 cents per share, a year earlier.

Sales dropped to $4.1 billion from $4.4 billion.

Read more from Reuters.

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