ConAgra Foods has indicated that the explosion at its Slim Jim production facility in North Carolina is not expected to have a material adverse affect on the group’s profitability.


In a regulatory filing, ConAgra said that it still expects to meet its previous long-term EPS growth forecast of 8-10%.


The company added that the explosion is unlikely to have a negative impact on its financial condition or liquidity in fiscal 2010, or on the longer-term profit growth opportunities for its consumer foods business.


Additionally, ConAgra said its insurance would cover the majority of costs associated with the accident and that it expects its business-interruption insurance to “substantially compensate” for any lost profits from the disruption.


Three workers died and more than 40 were injured in last week’s explosion, which was caused by an accidental natural gas release.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now