ConAgra Foods' Fiscal 2008 Fourth Quarter EPS to Be Higher Than Planned
June 24 2008 - 8:30AM
Business Wire
ConAgra Foods, Inc., (NYSE:CAG) announced today that diluted EPS
for its fiscal 2008 fourth quarter ended May 25, 2008, will be
higher than the company�s original EPS estimate of $0.30 to $0.35,
excluding items impacting comparability. The higher-than-planned
EPS primarily reflects very strong Trading & Merchandising
profits, which are now classified within discontinued operations.
The company is also pleased with the overall performance of the
Food & Ingredients segment, as well as improved execution with
regard to pricing in the Consumer Foods segment. The company will
provide the specifics of the quarter�s results in the earnings
release and conference call scheduled for June 26, 2008. ConAgra
Foods, Inc., (NYSE:CAG) is one of North America�s leading packaged
food companies, serving grocery retailers, as well as restaurants
and other foodservice establishments. Popular ConAgra Foods
consumer brands include Banquet, Chef Boyardee, Egg Beaters,
Healthy Choice, Hebrew National, Hunt�s, Marie Callender�s, Orville
Redenbacher�s, PAM and many others. For more information, please
visit us at www.conagrafoods.com. Note on Forward-looking
Statements: This release contains forward-looking statements. These
statements are based on management�s current views and assumptions
of future events and financial performance and are subject to
uncertainty and changes in circumstances. The company undertakes no
responsibility for updating these statements. Readers of this
release should understand that these statements are not guarantees
of performance or results. Many factors could affect the company�s
actual financial results and cause them to vary materially from the
expectations contained in the forward-looking statements. These
factors include, among other things, future economic circumstances,
industry conditions, the company�s ability to execute its operating
and restructuring plans, availability and prices of raw materials,
product pricing, competitive environment and related market
conditions, operating efficiencies, the ultimate impact of the
company�s recalls, access to capital, actions of governments and
regulatory factors affecting the company�s businesses and other
risks described in the company�s reports filed with the Securities
and Exchange Commission. The company cautions readers not to place
undue reliance on any forward-looking statements included in this
release, which speak only as of the date made.
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