Refrigerated, frozen foods help Big G sales
General Mills noted that Yoplait division net sales grew by 19 percent, led by contributions from Yoplait Light, Yo-Plus and Fiber One yogurts. Meals division sales also grew by 10 percent, led by Progresso ready-to-serve soups and frozen Green Giant vegetables. Pillsbury USA division net sales grew 6 percent, including "gains" from Grands Biscuits and Totino's frozen pizza and snacks.
First-quarter net sales for General Mills' Bakeries & Foodservice segment grew 17 percent, reflecting price increases taken to combat higher input costs. However, pound volume declined by 5 percent during the period.