June 18 ConAgra Foods Inc said its
adjusted fourth-quarter profit would be lower than its forecast
due to lower sales in its consumer foods business and weak
profits in private brands.
The maker of Hunt's tomato ketchup and Slim Jim beef jerky
estimated an adjusted profit of about 55 cents per share for the
quarter ended May 25, lower than its forecast of "in excess of"
ConAgra said profits in its private brands business were
likely to be lower in the next several years than it had
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by