{"id":176,"date":"2009-07-01T09:59:00","date_gmt":"2009-07-01T13:59:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=176"},"modified":"2018-08-23T09:41:19","modified_gmt":"2018-08-23T13:41:19","slug":"results-from-the-other-gm","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2009\/07\/01\/results-from-the-other-gm\/","title":{"rendered":"Results from the other GM"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">There is another important GM in the U.S. economy: General Mills. Today they reported results from their fiscal fourth quarter and they were excellent.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Profits nearly doubled and they said that they not only were comfortable with analysts&#8217; estimates for the upcoming fiscal year, but that they were upping estimates. The most important word in that previous sentence is &#8220;profits.&#8221; Here is an important firm that is earning money during the economic slowdown.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Many food producers have benefited from an increase in the number of consumers who are staying at home to eat, rather than going out. In fact, General <span id=\"SPELLING_ERROR_0\" class=\"blsp-spelling-error\">Mills&#8217;s<\/span> U.S. retail segment saw sales up 12%. That 12% represented price increases of 9%, and 3% of volume growth. The fact that the company is able to raise prices in the midst of a recession is a strong sign for the business that they are still passing on value to consumers. If the company was not, then if prices were raised 9% then volumes should have fallen, and they did not.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The moral of this story is that consumers are still spending money, but you have to be making the right kind of product to earn the purchase.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is another important GM in the U.S. economy: General Mills. Today they reported results from their fiscal fourth quarter and they were excellent. Profits nearly doubled and they said that they not only were comfortable with analysts&#8217; estimates for the upcoming fiscal year, but that they were upping estimates. The most important word in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-176","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=176"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/176\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}