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ConAgra Foods Investors Hold Meeting In Omaha

Fri, 09/21/2012 - 12:07pm

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.

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ConAgra Foods Inc.: www.conagrafoods.com

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