Strong net sales growth and cost-saving initiatives have led General Mills to up its annual earnings forecast.
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The US food giant said today (19 February) that its fiscal 2008 earnings per share target is US$3.64-3.66.
The forecast has been boosted by one-off gains but, after excluding those items, General Mills still predicted earnings per share of $3.45-3.47 – up from its previous guidance of $3.39-3.43.
General Mills is today (19 February) discussing its current performance, key strategies and long-term growth goals at a presentation to investors attending the Consumer Analyst Group of New York conference in Boca Raton, Florida.
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