Minneapolis, 19 Nov, 2008 - In remarks today at the Morgan Stanley Global Consumer and Retail Conference in New York, General Mills said it was on track to achieve its sales and earnings targets for the fiscal year ending May 2009.
The company reaffirmed targets of mid single-digit net sales growth, mid single-digit segment operating profit growth, and earnings per share of $3.81 to $3.85 before any impact from mark-to-market valuation of certain commodity positions and a gain from the recent sale of the Pop Secret microwave popcorn business.