ConAgra to hold annual shareholders meeting

OMAHA, Neb. -- ConAgra Foods shareholders will gather in Omaha Friday afternoon to hear an update on the company.

The maker of Healthy Choice, Orville Redenbacher, Banquet, Hunts and other branded food products outperformed what Wall Street expected during its most-recent quarter.

And it looks like the company will benefit from lower costs because crop and oil prices are down this year.

But the year ahead will put ConAgra's restructuring efforts to the test in the still-uncertain economy.

Since 2006, ConAgra has sold off several of its businesses that relied heavily on commodities, so it could focus on its branded products with higher profit margins and more growth potential.

ConAgra has local operations in St. Charles, Naperville and Glen Ellyn.