General Foods Corp. reported strong earnings gains...

General Foods Corp. reported strong earnings gains over last year for both the second quarter and first six months of its 1986 fiscal year. “We have long anticipated fiscal 1986 to be the year when General Foods would start delivering the results our long-term strategies were designed to produce,” commented Chairman and Chief Executive James L. Ferguson, “and that’s exactly what we’re doing. Earnings from operations for the quarter and the first half are up sharply, and we are well on our way this year to exceeding our corporate target of earnings growth 3% to 5% above the rate of inflation.”