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ConAgra Foods Fiscal 2016 Q3 EPS above Expectations; Strong Profit Growth and Margins for Both Segments; Completion of Private Label Sale Enables $2.15B Debt Reduction; on Track with Planned Separation into ConAgra Brands and Lamb Weston

For the fiscal 2016 third quarter ended February 28, 2016, diluted earnings per share from continuing operations were $0.41 as reported, vs. $0.49 for the third quarter of fiscal 2015. After adjusting for items impacting comparability, comparable diluted EPS was $0.68 this quarter and $0.59 in the year-ago period.

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