General Mills, other major food companies, to see fruits of cost-cutting programs this year

The nation’s largest packaged-food companies, including General Mills, should see strong cash flows this year as cost-cutting programs finally pay off, ratings agency Moody’s said in a new report.

Food manufacturers have seen their sales slowly drop over the last several years as consumers increasingly shun processed and packaged foods in favor of fresher foods.

http://www.startribune.com/general-mills-other-major-food-companies-to-see-fruits-of-cost-cutting-programs-this-year/413466623/