USA: General Mills sees US$1.70 EPS, sales up 46% for FY 2002
Minneapolis-based food giant General Mills has posted diluted earnings per share of US$1.70 before unusual items for the fiscal year ended 26 May 2002. During 2002, General Mills recorded unusual items expense of 35 cents per share, primarily related to its acquisition of Pillsbury on 31 October 2001. Including these unusual items and the cumulative effect (1 cent per share) of an accounting change, General Mills' fiscal 2002 diluted earnings per share totalled US$1.34.
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