Article: ConAgra Foods Reports Strong First-Quarter EPS from Continuing Operations & Significant Growth in Consumer Foods' Profitability; Increases Fiscal 2010 EPS Guidance.

First Quarter Highlights:

* Diluted EPS from continuing operations of $0.37 as reported and $0.38 excluding items impacting comparability; EPS up 61% as reported and up 41% on a comparable basis.

* Consumer Foods' operating profits increased 34% as reported and 43% on a comparable basis.

* Commercial Foods' operating profits increased 5%.

* Guidance raised - fiscal 2010 diluted EPS from continuing operations, excluding items impacting comparability, expected to approach $1.70.

OMAHA, Neb. -- ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, today reported results for the fiscal 2010 ...

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