General Mills reaffirms fiscal '11 guidance

by Staff
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MINNEAPOLIS — General Mills Inc. on May 12 said it remains on track to achieve its fiscal 2011 guidance even as it faces rising ingredient costs. The company, which began raising prices for some of its products over the past few months and has said it expects price increases to accelerate during the current fiscal fourth quarter, reaffirmed its fiscal 2011 earnings-per-share guidance at $2.46 to $2.48, excluding mark-to-market effects and a net gain related to certain tax items.

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