Earnings

Net income for the quarter came in at $346.1 million, or 56 cents per share, down 37% from $549.9 million, or 84 cents per share, last year. Excluding special items, earnings were 80 cents per share, compared to 83 cents per share a year ago. Analysts expected to see earnings of 77 cents per share.

Revenue
Revenue came in at $4.71 billion, down 3% from $4.88 billion a year ago. Analysts expected to see earnings of $4.79 billion.

Outlook
Looking ahead, the company expects to see FY2015 growth in the low single-digit range.

General Mills has been faced with the struggle of the changing packaged foods environment. Demand for cereal has been declining over the past decade, but GIS has managed to diversify its portfolio of products.

For income-focused investors, GIS could be a great choice in the current low interest rate environment. The stock currently offers a dividend yield around 3.16%.

Investors seeking exposure to General Mills may consider the funds below. These funds currently hold the largest stakes in the company.

In addition to offering exposure to GIS, the funds above offer investors a diversified bundle of securities. Investors interested in GIS may also be interested in Kellogg Company (K) and Kraft (KRFT).

Shares of GIS are up 3% YTD.