UPDATE 1-General Mills sees international leading growth

Tue Feb 16, 2010 8:48am EST

* Sees $18 billion in sales in FY15

* Sees EPS $6.75 in FY15

* Sees FY10 Adj. EPS $4.52-$4.57 vs Wall St $4.60 view

BOCA RATON, Fla., Feb 16 (Reuters) - General Mills Inc (GIS.N) expects international markets to lead its growth over the next five years, helped by a growing middle class in emerging markets.

The maker of Cheerios cereal and Yoplait yogurt said it expects revenue to increase to $18 billion in fiscal year 2015, up from a forecast of roughly $14.7 billion this year.

The company also forecast $6.75 in earnings per share, excluding one-time items, in fiscal year 2015, up from a forecast of $4.52 to $4.57 this year, the company said in a presentation to the Consumer Analyst Group of New York conference on Tuesday.

Analysts on average forecast $4.60 a share in 2010, according to Thomson Reuters I/B/E/S.

Aside from a growing middle class in markets like China, the company is also expecting to benefit from increasing numbers of consumers ages 55 and above, as older consumers tend to eat more meals at home.

General Mills shares traded at $70 in premarket trading, up from Friday's New York Stock Exchange close of $69.49. (Reporting by Brad Dorfman, editing by Dave Zimmerman)

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