But earlier this month, ConAgra preannounced adjusted earnings for the August quarter, saying they would come in at $0.37 per share. The company cited weakness in its consumer foods segment, with specific difficulty facing some of its retail brands that hurt unit volumes. ConAgra also cut its earnings outlook for the current fiscal year by $0.02 to $0.06 per share, even as it aims to shift its promotional and pricing strategies in order to try to improve performance in its consumer foods business. By contrast, rival Kellogg ( K -0.01% ) has had continuing success with its cost-cutting measures, as it managed to hold off inflationary trends to post higher operating profits.