March 20 (Reuters) - Cheerios maker General Mills ( GIS )
posted a smaller-than-expected drop in quarterly sales
on Wednesday, backed by higher prices for its breakfast cereals,
snack bars and pet food products that helped cushion a blow from
slowing demand.
The Cheerios cereal maker's net sales dropped about 1% to
$5.1 billion in the third quarter, compared with analysts'
expectations of sales to drop about 3.1% to $4.97 billion,
according to LSEG data.