OMAHA, Neb. (AP) — ConAgra Foods shareholders will gather in Omaha on Friday afternoon to hear an update on the company's performance and ask top executives questions.
Investors should be in a good mood after the quarterly earnings report ConAgra released Thursday. The Omaha, Neb.-based maker of Orville Redenbacher, Healthy Choice, Banquet and other branded foods says its profit nearly tripled to $250 million in its first quarter.
ConAgra also announced plans to increase its dividend by a penny to 25 cents per share.
And the company now says predicts adjusted earnings of $2.03 to $2.06 per share, up from its previous forecast of $1.95 to $1.99 per share.
ConAgra's shares gained more than 6 percent Thursday and set a new 52-week high at $27.75.
ConAgra Foods Inc.: www.conagrafoods.com