Packaged food supplier General Mills Inc. (GIS) said that it is on track to achieve its key financial targets for the fiscal year ending May 2013. The company reaffirmed guidance for 2013 adjusted earnings per share of $2.66 - $2.68. Analysts polled by Thomson Reuters expect the company to report earnings of $2.70 per share for fiscal 2013. Analysts' estimates typically exclude special items.
The company also reiterated guidance for fiscal 2014 of high single-digit growth in adjusted earnings per share and increased cash returns to shareholders. Analysts expect the company to report earnings of $2.93 per share for fiscal 2014.
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