General Mills: Reaffirms Fiscal 2015 Guidance

Minneapolis / MN. (gm) In conjunction with remarks at the Barclays Americas Select Franchise Conference in London, England, General Mills Inc. reaffirmed its key financial targets for the fiscal year ending May 31, 2015. Net sales in constant currency are expected to grow at a low single-digit rate from the 2014 base of 17.9 billion USD. Total segment operating profit in constant currency is expected to decline at a low single-digit rate from prior-year results of 3.15 billion USD. Fiscal 2015 adjusted diluted earnings per share (which excludes mark-to-market valuation effects, currency devaluation, restructuring costs, Annie´s integration costs, and a discrete tax charge associated with a planned repatriation action) are expected to grow at a low-single-digit rate in constant currency from the base of 2.82 USD earned in fiscal 2014.