date:Dec 19, 2013
on from cheaper private label foods as consumers look for discounts amid lingering economic uncertainty.
The company, on a conference call with analysts on Wednesday, reaffirmed its 2014 sales growth forecast and said it expected mid to high single-digit growth in operating profit in the back half of the year.
It maintained its adjusted profit forecast of $2.87-$2.90 per share for the year ending May, but said the impact of foreign currency could be greater than previously expected.
The possi