ConAgra Foods Earnings Call, Fourth Quarter 2008
28th June 2008 00:00 AM |
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| The firm is now more aligned organizationally to match input cost inflation with productivity and net pricing actions. |
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| The packaged food company reported a 4.8% increase in income to $201.3 million or 41 cents a share, from $192 million or 39 cents a share in 2007 as revenues increased 15.5% to $3.08 billion due to strong performance from the Foods and Ingredients as well as the International segments. Rebuilding the profitability through list pricing and trade spend reductions has cost some short-term market share but the firm believes it is the right trade-off in the face of continuing input cost pressures. |
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ConAgra Foods Third Quarter Earnings Call
12th April 2008 00:00 AM |
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| Earnings of $309 million or 63 cents, were up 61% from $193million or 38 cents in 2007 on strong top line performance. |
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| The packaged food’s firm reported sales of $3.5 billion, a 21% rise from $2.9 billion in 2007 as it benefited from an increase in volume growth and price mix. ConAgra Foods announced an agreement to divest the Trading & Merchandising operations, which will result in a focus on the core food businesses. Due to the innovation, pricing, marketing, and cost-saving initiatives under way, the firm is confident that the foundation has been set for strong future profitability. |
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ConAgra Second Quarter Earnings Call
23rd December 2007 00:00 AM |
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| Net income increased 15% to $244.8 million, as hedges more than offset the costs of soaring food and energy prices. |
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| ConAgra reported revenue increase to $3.51 billion, surpassing analysts’ expectations of $3.25 billion. Profit in the fertilizer and agricultural merchandising operations rose 323% to $165 million. The company had to deal with recalls of its Banquet pot pies for salmonella and change the recipe of its Orville Redenbacher microwave popcorn. ConAgra raised its fiscal 2008 per-share earnings from continuing operations to be above $1.55, excluding the pot-pie recall and other non-recurring items. |
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ConAgra Foods First Quarter Earnings Call
27th September 2007 00:00 AM |
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| The profit grew 5% to $175.4 million or 36 cents a share compared to $166.3 million or 33 cents a share in the prior year. |
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| The packaged food company reported sales of $2.96 billion, an increase of 10% from $2.69 billion in the year ago period. During the quarter, the company purchased Alexia Foods, a natural foods company, as well as Lincoln Snacks, which owns brands like Poppycock and Fiddle Faddle. In August, ConAgra reintroduced Peter Pan peanut butter and it expects gradual recovery of sales, although sales were negligible in Q1. For fiscal 2008, the company affirmed the previous EPS guidance of $1.48. |
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