ConAgra Foods has received a welcome boost from its non-food business as it prepares to issue its financial results for the last 12 months.

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The US company has forecast that its earnings per share will now surpass the high end of the $1.28-$1.33 range it had previously announced.


ConAgra, which owns brands including Peter Pan peanut butter and Reddi-Wip cream, said “stronger-than-expected results” from its trading and merchandising arm in the last quarter of its financial year had been a key factor behind the upgrade to its guidance.


Through its trading and merchandising arm, ConAgra manages a portfolio of agricultural and energy commodities.


ConAgra is set to publish its full-year financial results next month. The company said it would than reveal an estimate of the impact of the recent recall of its peanut butter products.

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Earlier this year, more than 425 people were found to have fallen ill from salmonella poisoning after eating ConAgra’s Peter Pan products.


Meanwhile, the company has made tow more appointments to its board of directors. Ruth Ann Marshall and Andrew Schindler take the number of directors to 13.

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