General Mills Hitting the Sweet Spot
The coronavirus pandemic understandably caught many people and companies off guard. Even consumer staple companies such as Clorox that saw an increased demand had trouble sufficiently boosting production to meet it. While some may view this as a nice problem to have, it could also result in lost sales as people turn to alternative products.
Fortunately, General Mills (NYSE: GIS) doesn't have this issue. With local governments restricting dining in at restaurants, more people are eating at home, helping the company's fiscal fourth 2020 results, which encompassed the period ended May 31. And this is not merely a one-quarter phenomenon, either.
Image source: Getty Images.
Source Fool.com
