US: ConAgra ups FY earnings forecast

By Dean Best | 19 February 2013

US food group ConAgra Foods has lifted its forecast for annual earnings on the back of its acquisition of private-label group Ralcorp Holdings - and "strong contributions" from the rest of its business.

ConAgra now sees diluted earnings per share reaching US$2.15 for its fiscal 2013 year, which ends in May.

The company, now the largest own-label firm in the US, said "tax favourability" would also help its EPS. In December, ConAgra forecast diluted EPS of $2.06.

Check back later for coverage of ConAgra's appearance at the Consumer Analyst Group of New York conference in Florida today.

Click here for our latest coverage of the conference, including updates from General Mills and Kraft Foods Group.

Sectors: Canned food, Condiments, dressings & sauces, Financials, Frozen, Private label

Companies: ConAgra Foods, Ralcorp Holdings, General Mills, Kraft Foods Group

There are currently no comments on this article

Be the first to comment on this article

Related research

Nuts & Seeds Market in United States to 2016

The report presents detailed data on consumption trends in the Nuts & Seeds category in United States, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of companies acti...

Dips Market in United States to 2016

The report presents detailed data on consumption trends in the Dips category in United States, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of companies active in th...

Chutneys & Relishes Market in United States to 2016

The report presents detailed data on consumption trends in the Chutneys & Relishes category in United States, analyzing consumption volumes and values at segment level. It also provides indispensable data on distribution channels, profiles of compani...

Related articles

SINGAPORE: H1 profits up at Del Monte Pacific

Sinagpore-based Del Monte Pacific has booked an increase in first-half profits, helped by revenues in the Philippines, its largest market for branded sales.

US: Unilever to sell Wish-Bone, Western dressings to Pinnacle Foods

Unilever said today (12 August) it had struck a deal to sell its Wish-Bone and Western dressings brands to US food group Pinnacle Foods for US$580m.

US: General Mills rolls out Pillsbury gluten-free dough line

General Mills has launched its first line of refrigerated gluten-free dough under its Pillsbury baking brand in the US.

Read more on this hot issue

Food giants present at CAGNY investor conference

A key date in the US industry calendar, leading executives are in Florida to discuss the outlook for their businesses - and the sector as a whole - with Wall Street analysts.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page