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The Golden Valley-based food manufacturer sharedd preliminary results of the quarterr with investors in advance of meetings it was havingy with investors inEurope Monday. General Mills previouslu said it expectedbetween $3.87 and $3.89 per excluding certain one-time charges. General Millw will report its complete fourth quarter and year end resultasJuly 1. In fiscal 2010, General Millsd said it’s comfortable with the current Reuters average earnings per share estimateof $4.15 per As for its sales outlook in 2010, the compan y said expects in its largest segment, the U.S. retail market, will continue the momentum from the last fiscal year.
(Through the first nine months offisca 2009, U.S. retail sales were up 10 Sales were boosted in 2009 due to but the company said in 2010 its expectinvg inflation tobe “quitse low” with most of its sales growth comingv from an expected increase in the volume of goodzs sold. Also in 2010, General Mills said it expects its International segmenft to record strongsales growth. It also said its bakeriew and foodservice segment will see a decline in sales in 2010 comparef to the2009 levels, in part due to the company’s divestituree during 2009 of about $150 million in this businessx segment. In early morning trading Monday, General Mills’ stock GIS) was trading up $2.
09, or 4 percent, to $54.25 per
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