General Mills Boosts View as Quarterly Sales Rise 13%

Improved outlook comes after the food maker posts better-than-expected financial results

General Mills’ leadership said the company continued to manage well despite ongoing supply chain disruptions. Photo: Kristen Norman for The Wall Street Journal

General Mills Inc. boosted its outlook after revenue rose 13% in its latest quarter, as consumers continued to buy the food maker’s products despite higher prices.

The fiscal third-quarter sales gain was primarily from higher prices, which General Mills and other food companies have been pushing through to offset higher costs. The amount of food that the company sold globally was flat, including declines in its North American retail business and in its international market.

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