ConAgra Reaffirms Fiscal 2010 EPS Guidance
ConAgra Foods has reaffirmed that its expects fiscal 2010 EPS from continuing operations, excluding items impacting comparability to approach $1.73. In the long term perspective, the company anticipates annual sales growth in the range of 3% to 4% and annual earnings per share (EPS) growth in the range of 8% to 10%.
Gary Rodkin, CEO of ConAgra Foods, said. We made great progress over the last four years building the foundation for sustainable, profitable growth. ConAgra Foods has significant ongoing potential, based on the improvements we have made in our supply chain, sales execution, marketing, and innovation capabilities.
“The share repurchase program being announced today demonstrates our confidence in our ability to generate strong amounts of cash and to continue successfully executing our initiatives. This is truly an exciting time for ConAgra Foods.
The company said that its board of directors has approved a $500m share repurchase authorization with no expiration date.
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