Yoplait Greek yogurt shows gains, but the division's total 1Q sales decline, reports General Mills
Yoplait Greek yogurt saw 'strong sales gains' but overall sales for the Yoplait division declined.
General Mills, Minneapolis, today reported results for the first quarter of fiscal 2013 (the 13 weeks ended Aug. 26). The period includes two months of incremental contribution from the Yoplait International acquisition completed in July 2011, and three months of results for the Food Should Taste Good, Yoplait Ireland and Parampara Foods businesses acquired during the final quarter of fiscal 2012.
During the first quarter of 2013, General Mills launched more than 100 new products worldwide. Established brands, including Yoplait Greek yogurt, also contributed strong sales gains, according to the company's press release. Still, sales for Yoplait declined, the company said.
Chairman and Chief Executive Officer Ken Powell said this start has the company on pace to achieve its fiscal 2013 targets.