Omaha, Neb, 24 June 2008 - ConAgra Foods, Inc., 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.