2014 In Review // Local: News, Sports Nat'l: News, Sports, Entertainment, Talkers | Top 20 Most Read Stories 

Business

General Mills Says Its On Track For Outlook

View Comments
generic, cheerios

(credit: Jupiter Images

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Alexandria Artist, 86, Masters Norwegian Painting Style
  2. How MN Moms' Pillow Invention Could Reinvent Bedtime
  3. ‘The Interview' Opens Despite Threats
  4. Trending Now: ‘The Interview’ Available Online
  5. Midday Headlines For 12/24

MINNEAPOLIS (AP) – Snack and cereal maker General Mills Inc. said Thursday it is still on track to achieve its fiscal 2011 guidance even as it faces rising ingredient costs.

General Mills started to raise prices for some of its products over the past few months and has said it expects price increases will accelerate during the current fiscal fourth quarter.

The maker of Cheerios and Chex still expects to make net income of $2.46 to $2.48 per share. Analysts expect net income of $2.48 per share, according to FactSet.

General Mills, based in Minneapolis, issued the affirmation ahead of its presentation at Goldman Sachs Consumer Products Symposium in New York.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,548 other followers