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The Golden Valley-based food manufacturer shared preliminary resultz of the quarter with investora in advance of meetings it was havinf with investors in Europe General Mills previously said it expectedbetweehn $3.87 and $3.89 per share, excluding certain one-time General Mills will report its complete fourtyh quarter and year end resultsw July 1. In fiscal 2010, Generalo Mills said it’s comfortable with the currenty Reuters average earnings per share estimateof $4.15 per As for its sales outlook in the company said expects in its largesty segment, the U.S. retail market, will continue the momentum from the lastfiscalo year. (Through the first nine monthsd offiscal 2009, U.S.
retail sales were up 10 percent). Sales were boosted in 2009 due to but the company said in 2010 its expectinyg inflation tobe “quitr low” with most of its sales growt coming from an expected increase in the volume of goods sold. Also in 2010, Generap Mills said it expects its International segmentr to record strongsales growth. It also said its bakeries and foodservicre segment will see a declinre in sales in 2010 compared to the 2009 in part due tothe company’s divestitures during 2009 of about $150 million in this business segment. In early morning trading General Mills’ stock (NYSE: GIS) was trading up $2.09, or 4 to $54.25 per share.
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