SOURCE: Industrial Info Resources

December 18, 2009 05:15 ET

General Mills' Net Earnings Eclipse Previous Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 18, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- General Mills Incorporated (NYSE:GIS) (Minneapolis, Minnesota) recently reported earnings for the second quarter of the company's 2010 fiscal year. Net earnings were up 49.5% year over year, moving from $378.2 million in 2Q09 to $565.5 million in 2Q10. Chairman and CEO Ken Powell said, "Earnings are now expected to exceed 2009 levels, and longer term, we still like our growth opportunities for the half-trillion-dollar U.S. market for food away from home." With these strong earnings, General Mills is moving forward with investment projects. Industrial Info is currently tracking $261 million of active General Mills projects.

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