General Mills Realigns the Rest of Fiscal 2018

General Mills is seeing its sales momentum grown, jumping 1 percent, forcing them to reconfigure the rest of the fiscal year.

General Mills

General Mills raised its sales and profit outlook for the remainder of 2018. The new tax law and data show new strength for its products in the U.S. stores.

For the first time in two years, the company showed its first jump in quarterly sales during the September to November period. The company had a 1 percent increase between November and January, better than what was previously expected.

General Mills credits the new tax law for the growing sales. However, General Mills expects flat sales at t the end of its previous guidance. Earnings will reportedly be up 3 to 4 percent.

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