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

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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.

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

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