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General Mills CEO talks growth outlook tied to cereals, dry pet food

General Mills (GIS) reported better-than-expected first-quarter earnings, narrowly outpacing adjusted earnings per share and revenue while seeing net sales trend higher. General Mills Chairman and CEO Jeff Harmening joins Yahoo Finance Executive Editor Brian Sozzi to discuss value trends hitting the sales of Blue Buffalo pet products and its cereal brands. "In the short-term, it is clear that... pet parents are more mobile than they have been and going back to the office more. So they're treating less, little bit less wet pet food," Harmening says. "So, that was a drag on our sales. However, our dry pet food sales were up, so that's positive." Harmening goes on to talk about its innovation and prominence in its snacking and cereal categories. "We're always focused on market share because it's one of the things that we can control, and we've grown our market share in more than 50% of our categories for five years in a row. It's because we're focused on advertising," Harmening explains. Lastly, Harmening comments on acquisitions in the food space and how the Cheerios-maker is addressing inflation. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV