General Mills Inc. (GIS), a maker of branded consumer foods, on Monday raised its adjusted earnings outlook for fiscal year 2013. The company now expects adjusted earnings of $2.68 to $2.69 per share for the year, up from prior range of $2.66 to $2.68 per share.
Analysts polled by Thomson Reuters estimated earnings of $2.70 per share for fiscal year 2013. Analysts' estimates typically exclude special items.
General Mills' fiscal 2013 ended May 26, 2013. The company expects to report full-year results for the period on June 26, 2013.
The company also reiterated guidance for fiscal 2014 of high single-digit growth in adjusted earnings per share and increased cash returns to shareholders.
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