date:Mar 21, 2013
e lower than a year ago.
For fiscal 2013, which ends in May, General Mills forecast earnings, excluding items, of $2.66 per share to $2.68 per share, versus a prior range of $2.65 per share to $2.67. For the full year, General Mills said it expected costs of raw materials, which include fuel and grain, to rise 3 percent.
While the packaged food industry has suffered in the United States because of lingering economic uncertainty, General Mills has faced some particular challenges. Its Yoplait y