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The Golden Valley-based food manufacturet shared preliminary results of the quarter with investora in advance of meetinga it was having with investor s inEurope Monday. General Mills previously said it expectedrbetween $3.87 and $3.89 per share, excluding certaimn one-time charges. General Mills will report its complete fourtg quarter and year end resultsJuly 1. In fiscal General Mills said it’s comfortable with the current Reutersz average earnings per share estimateof $4.15 per share. As for its salesx outlook in 2010, the company said expectzs in itslargest segment, the U.S. retail will continue the momentum from the lastfisca year.
(Through the first nine months offiscaol 2009, U.S. retail sales were up 10 percent). Sales were boosted in 2009 due to but the company said in 2010 its expectingf inflation tobe “quite low” with most of its salees growth coming from an expected increase in the volumed of goods sold. Also in 2010, General Milld said it expects its International segment to recor d strongsales growth. It also said its bakeriex and foodservice segment will see a decline in salesw in 2010 compared to the 2009 in part due tothe company’s divestiturexs during 2009 of abouft $150 million in this business segment.
In early morning tradingg Monday, General Mills’ stock (NYSE: GIS) was tradintg up $2.09, or 4 percent, to $54.25 per
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