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(AP) - General Mills says its profit dropped 33
percent in the latest quarter on higher input costs and a stronger dollar, while sales increased on the strength of some of its
well-known brands.


      The Golden Valley-based food company also lifted its full-year
profit forecast on increased marketing efforts.
      

For the third quarter, which ended Feb. 22, earnings fell
to nearly $289 million, or 85 cents per share. Excluding one-time
items, earnings were 79 cents per share compared with 87 cents in
the prior-year period.


      Analysts surveyed by Thomson Reuters, whose estimates generally
exclude one-time items, forecast profit of 88 cents per share.


      Third-quarter sales rose 4 percent to more than $3.5 billion, to meet analysts' estimates.

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General Mills says its profit dropped 33
percent in the latest quarter on higher input costs and a stronger dollar, while sales increased on the strength of some of its
well-known brands.

General Mills 3Q profit falls on higher costs

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