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The Golden Valley-based food manufacturer shared preliminar y results of the quarter with investors in advance of meetingsw it was having with investors inEurop Monday. General Mills previously said it expectedbetweenh $3.87 and $3.89 per share, excluding certain one-time charges. General Mills will report its complete fourthg quarter and year end resultsJuly 1. In fiscal 2010, General Mills said it’s comfortable with the curren Reuters average earnings per share estimateof $4.15 per share. As for its sales outlookj in 2010, the company said expects in itslargestr segment, the U.S.
retail market, will continue the momentum from the lastfiscal (Through the first nine monthas of fiscal 2009, U.S. retail salees were up 10 percent). Sales were boosted in 2009 due to but the company said in 2010 its expectingv inflation tobe “quite with most of its salesz growth coming from an expected increase in the volume of goods Also in 2010, General Mills said it expects its International segment to record strong sales growth. It also said its bakeriews and foodservice segment will see a decliner in sales in 2010 comparef to the2009 levels, in part due to the company’z divestitures during 2009 of about $150 million in this busines s segment.
In early morning trading Monday, General stock (NYSE: GIS) was trading up $2.09, or 4 to $54.25 per share.
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