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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 increases and a big bump up in marketing spending on brands like Marie Callender's frozen meals and Pam cooking spray pays off.ConAgra on Wednesday reported a 3% decline in fiscal third-quarter sales volume excluding acquisition, despite a 33% increase in marketing spending. Overall sales in the business, which accounted for 60% of ConAgra's sales this quarter, were flat, as price increase offset the volume decline.The drop in sales volume was slightly better than the 4% decline in the previous quarter, but comes as some other large food companies like General Mills Inc. (GIS) have started to see their sales volume creep into positive territory after a prolonged decline.ConAgra, however, expects a more dramatic improvement in the current period, especially after some brands that have struggled the most, like Banquet frozen ...

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  1. ConAgra buying Ralcorp in $5 billion bet on store brands

    Long-time suitor ConAgra Foods Inc finally sealed a deal to buy private-label foods maker Ralcorp Holdings Inc for $5 billion, to tap into the booming business for p...

  2. ConAgra to Buy Ralcorp in $4.95 Billion Deal

    ConAgra Foods Inc. (CAG) is poised to become the second-largest U.S. packaged-food company by sales after agreeing to buy private-label food maker Ralcorp Holdings I...

  3. ConAgra Grabs Ralcorp for $4.95B

    ConAgra (NYSE:CAG) sealed a $4.95 billion deal on Tuesday to scoop up private-label food giant Ralcorp Holdings (NYSE:RAH), making ConAgra the No. 1 North American m...

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

    ConAgra Foods Inc. (CAG) is poised to become the second-largest U.S. packaged food company by sales after agreeing to buy private-label food maker Ralcorp Holdings I...

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

    Food company ConAgra (NYSE:CAG) beat the Street on Thursday by more than doubling its first-quarter profits amid accelerating sales, prompting the maker of Chef Boya...

  6. 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 ...

  7. 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...

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

    ConAgra Foods Inc. (CAG) remains cautious about near-term results, especially as it now raises prices on bargain Banquet frozen meals and other value-oriented produc...

  9. ConAgra 3Q Beats as Prices Trump Inflation

    ConAgra (NYSE:CAG) revealed stronger third-quarter earnings on Thursday that beat Wall Street expectations, and backed its fiscal year forecast.The industry has face...

  10. ConAgra Investing More In Snacks, Frozen Foods

    BOCA RATON, Florida -( Dow Jones )- ConAgra Foods Inc. (CAG) is trying to grow its snacking and frozen foods businesses as it tries to capitalize on food shoppers' g...

  11. ConAgra Profit Dips on Rising Flour Costs

    ConAgra Foods Inc. (NYSE:CAG) reported mixed first-quarter results Tuesday, as earnings fell 42% amidst the rising cost of goods.Although the packaged-food company s...

  12. ConAgra's Earnings More Than Double, But Fall Short

    ConAgra (NYSE:CAG) disclosed weaker-than-expected fiscal fourth-quarter profits on Thursday as the maker of Hunt’s ketchup and Pam cooking spray grapples with food i...

  1. 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...

  2. 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...

  3. 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....

  4. Consumer Foods Help ConAgra Top Views

    ConAgra (NYSE:CAG) reported stronger-than-expected second-quarter profit and sales on Thursday, led by sharply higher demand in its consumer foods category and tight...

  5. ConAgra Raises View after Net Up 17%

    ConAgra Foods Inc.'s (CAG) fiscal second-quarter earnings rose 17% as the packaged-food company's revenue growth exceeded expectations.The company now expects full-y...

  6. ConAgra finally wins Ralcorp in $5 billion store-brand food bet

    ConAgra Foods Inc sealed a deal to buy Ralcorp Holdings Inc for $5 billion, more than a year and a half after first bidding on it, turning the maker of Chef Boyardee...

  7. ConAgra Sees Private-Label as More Than a Copycat

    ConAgra Foods Inc. (CAG) hopes private-label foods, a sector where it's about to become the largest player in the U.S., can be a trendsetter in the food aisles as mu...

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