General Mills' Net Earnings Eclipse Previous Year

SUGAR LAND--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. "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," said Chairman and CEO Ken Powell. With these strong earnings, General Mills is moving forward with investment projects. Industrial Info is currently tracking $261 million of active General Mills projects.