ConAgra Inc reported a 43 percent leap in the second quarter due to growing popularity of its foods with frugal shoppers. Some of the products made by the company are Chef Boyardee, Marie Callender’s and Healthy Choice products.
ConAgra raised its full-year guidance for the second time in three months based on the performance.
ConAgra reported that it earned $239.7 million, or 54 cents per share, for the quarter, up from $168.1 million, or 37 cents per share, in the same quarter last year.
Shares of ConAgra rose 27 cents to $22.43 in midday trading Monday.
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