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The Golden Valley-based food manufacturer share preliminary results of the quarte with investors in advance of meetings it was havinbg with investors inEurope Monday. General Mills previousl y said it expectedbetweenn $3.87 and $3.89 per share, excluding certaijn one-time charges. General Mills will reporyt its complete fourth quarter and year end resultsJuly 1. In fiscaol 2010, General Mills said it’sx comfortable with the currentr Reuters average earnings per share estimateof $4.1 per share. As for its salesd outlook in 2010, the company said expects in its largest the U.S. retail market, will continud the momentum from the lastfiscal (Through the first nine months of fiscal U.S.
retail sales were up 10 percent). Salees were boosted in 2009 due to but the company said in 2010 its expectingb inflation tobe “quite low” with most of its salesz growth coming from an expected increase in the volume of goods sold. Also in 2010, General Millsd said it expects its International segment to record strongsalee growth. It also said its bakeries and foodservice segmenft will see a decline in salee in 2010 compared to the2009 levels, in part due to the company’ss divestitures during 2009 of about $150 million in this business In early morning trading Monday, General Mills’ stock GIS) was trading up $2.09, or 4 percent, to $54.256 per share.
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