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Gary Rodkin

ConAgra 3Q Profit Tops Estimates as Sales Climb

ConAgra Foods (NYSE:CAG) said Thursday its third-quarter earnings nearly doubled, as a sharp increase in sales overshadowed lower volumes.The packaged-foods giant reported a profit of $234.3 million, or 56 cents a share, compared to $120 million, or 29 cents a share, in the same period a year earlier. Excluding one-time items, earnings climbed to 62 cents from 55 cents.Revenue grew 15% to $4.39 billion, just short of a consensus estimate of $4.4 billion. ConAgra beat Wall Street's earnings view of 60 cents a share.ConAgra, which makes Hunt's ketchup, Chef Boyardee pasta and other products, has struggled amid pressures on consumer spending.The Omaha, Neb.-based company lowered its full-year outlook last month , citing weaker volumes. Meanwhile, it's taking ConAgra longer than anticipated to reach profitability targets at Ralcorp, its private brands business.In the latest period, price cuts dragged down gross margins to 22.2% from 22.7%."As we have previously discussed, there are operati...

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  7. ConAgra Grabs Ralcorp for $4.95B

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  8. ConAgra Agrees to Buy Ralcorp in $4.95 Billion Deal

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  9. ConAgra Hikes Dividend, '13 View After 1Q Tops Views

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  10. ConAgra CEO's Fiscal 2012 Pay Package Up 20.7% to $10.3 Million

    ConAgra Foods Inc. (CAG) Chief Executive Gary Rodkin received total compensation in fiscal 2012 valued at $10.3 million, a 20.7% increase from the prior year as his ...

  11. Charges Eat into ConAgra's 4Q Bottom Line

    ConAgra Foods (NYSE:CAG) swung into the red in its fiscal fourth quarter due to accounting charges, but the maker of Chef Boyardee's adjusted profit surpassed Wall S...

  12. ConAgra FYQ3 Net Up, Cautious On Near-Term View

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  1. ConAgra Slashes Full-Year Outlook

    ConAgra Foods (NYSE:CAG) slashed its full-year earnings outlook on Tuesday, citing continued weakness in its private brands business.ConAgra, which makes Hunt's ketc...

  2. ConAgra Foods Reaffirms Full-year Guidance

    ConAgra Foods Inc. said Thursday its fiscal second-quarter profit rose to $248.7 million, or 58 cents a share, from $211.6 million, or 51 cents a share, a year earli...

  3. ConAgra's 1Q Disappoints as Profits Drop 42%

    ConAgra Foods (NYSE:CAG) reported on Thursday a 42% drop in its first-quarter profit, as the maker of packaged food saw weaker results at its consumer segment.The co...

  4. ConAgra Expects Sales Volumes to Improve Significantly

    ConAgra Foods Inc. (CAG) expects a significant improvement in the amount of food its sells in its current quarter and beyond as the company cycles last year's price ...

  5. Ralcorp Acquisition Weighs on ConAgra's 3Q Net

    ConAgra Foods (NYSE:CAG) reported on Wednesday a 57% drop in its third-quarter profit, as costs from its acquisition of Ralcorp Holdings dragged down earnings.Ralcor...

  6. ConAgra CEO: Pieces in Place for Food Industry Consolidation

    ConAgra Foods Inc. (CAG) Chief Executive Gary Rodkin says the key ingredients, including strong balance sheets and low borrowing costs, are in place for consolidatio...

  7. ConAgra Raises 2013 Outlook on Ralcorp Deal

    ConAgra Foods (NYSE:CAG) bumped up its fiscal 2013 outlook to take into account last month's $4.95 billion deal to acquire private-label food maker Ralcorp Holdings....

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