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Wednesday, April 7, 2010 as of 11:14 AM ET

Gary Rodkin

Gary Rodkin

Gary Rodkin is the current CEO and President of ConAgra Foods, one of the largest food processing companies in North America.

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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 products targeted toward still-struggling low- and middle-income consumers.The maker of Healthy Choice meals, Hunt's ketchup and Slim Jim meat sticks on Thursday reported a 26% increase in fiscal third-quarter earnings that was helped by a lower tax rate. But ConAgra expects only modest earnings growth in the current quarter, which for the full-year should put ConAgra's per-share earnings growth likely at the low-end of its low- to mid-single digit projections.ConAgra is preaching caution as its core low- and middle-income consumers aren't experiencing the economic recovery seen in the upper-income brackets. "Consumers, other than maybe those in the top quintile of income, are still struggling and having to adjust to higher everyday costs like food and fuel," ConAgra Chief Executive Gary Rodkin said on an earnings call.The dichot...

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  1. ConAgra CEO on the Economy

    How is the economy impacting ConAgra?

  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. Ralcorp Rejects ConAgra's Sweetened $4.9B Cash Bid

    ConAgra Foods Inc ( CAG.N ) will have to dig deeper in its bid for Ralcorp Holdings Inc's ( RAH.N ) low-cost foods, after Ralcorp rejected a sweetened cash offer of ...

  6. ConAgra 3Q Profit Slips on Higher Costs

    ConAgra Foods Inc.'s (CAG) fiscal third-quarter earnings fell 6.4% from a prior-year that benefited from the proceeds of divested businesses, as the company's consum...

  7. ConAgra profit misses; full-year outlook lowered

    By Martinne GellerNEW YORK (Reuters) - ConAgra Foods Inc reported lower-than-expected quarterly earnings and cut its full-year forecast, hurt by a price war and risi...

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