ConAgra says consumer foods underperfomed in 1Q

By Associated Press
September 2, 2008 | Comments (0)

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ConAgra Foods says poor performance by its consumer foods segment will take a toll on its first-quarter results.

The Omaha, Nebraska, company said Tuesday that inflation hurt the business unit's performance, and as a result, it anticipates it will earn just below its prior estimate of 26 to 28 cents a share.

The company says it does not expect any change in its full fiscal-year performance but is still reviewing the quarterly results.

ConAgra Foods Inc. said it will provide more details when in its regularly scheduled earnings release on September 18.

(This version CORRECTS to Tuesday sted Monday in 2nd paragraph.)

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