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Article: General Mills Reports Strong Results for Fiscal 2010 First Quarter.
- Article from:
- Business Wire
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company Raises Full-year EPS Guidance by 20 Cents per Share
MINNEAPOLIS -- General Mills (NYSE: GIS) today reported strong results for the first quarter of fiscal 2010.
Fiscal 2010 First Quarter Financial Highlights
* Net Sales Increased to $3.52 Billion, Led by 6 Percent Growth in U.S. Retail Sales
* Segment Operating Profit Increased 21 Percent to $768 Million.
* Earnings per Share Grew at a Strong Double-digit Rate to $1.25
* Excluding Certain Items Affecting Comparability, Earnings per Share Grew 33 Percent to $1.28, Exceeding the Consensus of Analyst Estimates