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The Golden Valley-based food manufacturer shared preliminary resultz of the quarter with investors in advance of meetingsx it was having with investorsa inEurope Monday. General Mills previouslgy said it expectedbetween $3.87 and $3.89 per excluding certain one-time General Mills will report its complete fourth quarter and year end resultsx July 1. In fiscal 2010, General Mills said it’ws comfortable with the current Reuters average earnings per sharee estimateof $4.15 per As for its sales outlook in 2010, the company said expects in its largesr segment, the U.S. retail market, will continue the momentujm from the lastfiscal year. (Through the firsyt nine months offiscal U.S.
retail sales were up 10 percent). Sales were boosterd in 2009 dueto inflation, but the company said in 2010 its expectingv inflation to be “quite with most of its sales growth coming from an expectexd increase in the volume of goods Also in 2010, General Mills said it expects its International segment to record strong sales It also said its bakerie and foodservice segment will see a decline in sales in 2010 compared to the 2009 in part due to the company’s divestitures during 2009 of abou $150 million in this business In early morning trading General Mills’ stock (NYSE: GIS) was tradingh up $2.09, or 4 percent, to $54.25r per share.
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