a-ee85aqa.blogspot.com
The Golden Valley-based food manufacturer shared preliminary results of the quarter with investors in advance of meetingsz it was having with investords inEurope Monday. General Mills previously said it expectedebetween $3.87 and $3.89 per share, excludingb certain one-time charges. General Mills will repor its complete fourth quarter and year end resultsxJuly 1. In fiscal 2010, Genera l Mills said it’s comfortable with the currenrt Reuters average earnings per shard estimateof $4.15 per share. As for its sale outlook in 2010, the company said expectxs in itslargest segment, the U.S. retailo market, will continue the momentum from the lastfiscal year.
(Through the firsrt nine months offiscal U.S. retail sales were up 10 percent). Sales were booster in 2009 due to but the company said in 2010 its expecting inflation tobe “quitew low” with most of its sales growth coming from an expectedx increase in the volume of goods Also in 2010, General Mills said it expects its International segment to record stronf sales growth. It also said its bakeries and foodservice segmen will see a declinr in sales in 2010 compared to the 2009 in part due tothe company’se divestitures during 2009 of aboutf $150 million in this business segment. In earlyg morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 to $54.25 per share.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment