ConAgra Foods (CAG) on Tuesday said it is on track to meet its fiscal 2012 adjusted earnings per share expectations of a low to mid-single-digit rate over the comparable $1.75 earned in fiscal 2011.
On average, 15 analysts polled by Thomson Reuters expected earnings of $1.81 per share for the year. Analysts' estimates typically exclude special items.
The company expects 6 to 8 percent adjusted earnings per share growth annually and sees about 3 percent annual sales growth.
While paying a top-tier dividend remains a priority for the company, it expects to repurchase shares and invest in growth, both organically and through acquisitions.
ConAgra will provide a company update to analysts and investors today.
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