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Daniel Acker | Bloomberg | Getty Images
General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois.
Cheerios cereal maker General Mills on Wednesday reported a 13 percent drop in quarterly profit due to higher input and freight costs.
Net earnings attributable to the company fell to $354.4 million, or 59 cents per share, in the fourth quarter ended May 27 from $408.9 million, or 69 cents per share, a year earlier.
Net sales rose to $3.89 billion from $3.81 billion.
