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food

General Mills expects increased supply chain costs

By Dr. Duru #General Mills, #GIS

General Mills (GIS) announced earnings this morning and reported that it expects supply chain costs to increase more than expected:

“As we look forward to fiscal 2012, we currently anticipate that supply chain inflation will be higher than this year’s estimated 4 to 5 percent rate.”

The company goes on to state that it still expects good business growth, but it did not provide an assessment of how these costs will impact the bottom line.

Earnings had little impact on the GIS stock which has traded flat for 15 months
Earnings had little impact on the GIS stock which has traded flat for 15 months

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By Dr. Duru

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