OMAHA, Neb. (AP) — Investors will be looking for more details of the changes underway at ConAgra Foods when the food company releases its fiscal fourth-quarter earnings Thursday morning.
ConAgra is in the midst of unloading several major divisions, so it can focus on its consumer brands, which includes Orville Redenbacher, Banquet and Chef Boyardee.
The analysts surveyed by FactSet expect ConAgra to report earnings per share of 52 cents on revenue of $2.897 billion.
Since last summer, ConAgra has sold off its private-label business to Treehouse Foods for $2.7 billion and announced plans to spin off its Lamb Weston frozen potato business.
Some analysts have suggested that ConAgra would receive more money if sold Lamb Weston instead of spinning it off.
ConAgra is also moving its headquarters to Chicago from Omaha, Nebraska.