US food group ConAgra Foods has repeated its earnings guidance for the company’s fiscal 2008 period.

In a presentation to investors on Friday (11 April), the company forecast underlying earnings per share of US$1.80-1.85.

Last month, ConAgra posted a 37% jump in third-quarter profits as earnings from its soon-to-be-sold commodity trading business more than tripled.

ConAgra has decided to sell its commodity trading operations in a deal worth US$2.1bn.

Commodity fund Ospraie Special Opportunities is set to buy the business, which has proved lucrative in recent months.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Just Food.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ConAgra is focusing on its food ingredients business and its consumer food brands, which includes Orville Redenbacher’s popcorn.