General Mills: plans to accelerate organic growth
(CercleFinance.com) - General Mills plans to accelerate organic sales growth in its fiscal year 2019/2020 through a mix of improved performance in North America and strong growth in its pet business, the food maker said on Wednesday.
The company—which is updating investors and analysts today at its annual investor day in New York—said its "priorities" also include to maintain strong margins, fuelled by strategic initiatives.
General Mills said it is already accelerating growth platforms such as Häagen-Dazs ice cream and Old El Paso Mexican food, as well as other natural and organic brands of its portfolio.
The group said it also expects to cut leverage through a focus on cash and debt repayment to achieve a target of 3.5 times net-debt-to-adjusted EBITDA at the end of the fiscal year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The company—which is updating investors and analysts today at its annual investor day in New York—said its "priorities" also include to maintain strong margins, fuelled by strategic initiatives.
General Mills said it is already accelerating growth platforms such as Häagen-Dazs ice cream and Old El Paso Mexican food, as well as other natural and organic brands of its portfolio.
The group said it also expects to cut leverage through a focus on cash and debt repayment to achieve a target of 3.5 times net-debt-to-adjusted EBITDA at the end of the fiscal year.
Copyright (c) 2019 CercleFinance.com. All rights reserved.