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News Breaks
March 20, 2014
07:32 EDTCAGConAgra reports Q3 adjusted EPS 62c, consensus 60c
Reports Q3 revenue $4.39B, consensus $4.4B. The company says Consumer Foods sales declined in line with expectations, and comparable operating profit was flat. Challenges for a few key brands are weighing on overall segment sales results. Strong productivity, lower marketing expense, and other cost reductions benefited segment profits. Gary Rodkin, ConAgra Foods’ CEO, said, “We are on track with our EPS projections for the second half of this fiscal year. As we have previously discussed, there are operating challenges that have impacted segment performance and overall EPS growth, but we are encouraged by some pockets of strength. This quarter we posted good sales and market share performances for some of our consumer brands, good international growth for our potato operations, and continued improvement in the operations and organization for our private brands. The synergies expected from the former Ralcorp businesses are coming in slightly ahead of plans, and we continue to make good progress on SG&A efficiency initiatives. We reaffirm our full year fiscal 2014 EPS guidance, and remain confident in our long-term strategy and outlook.”
News For CAG From The Last 14 Days
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March 26, 2015
10:07 EDTCAGConAgra says most of company 'on track', but disappointed with private brands
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07:40 EDTCAGConAgra reports private brands segment sales $1B, down 5% y/y
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07:35 EDTCAGConAgra says Sean Connolly to become CEO on April 6
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07:34 EDTCAGConAgra raises FY15 adjusted EPS view to $2.15-$2.19 from $2.13-$2.18
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07:32 EDTCAGConAgra reports Q3 adjusted EPS 59c, consensus 52c
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07:32 EDTCAGConAgra says expects to reduce debt by $1B in FY15
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March 25, 2015
15:34 EDTCAGNotable companies reporting before tomorrow's open
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12:29 EDTCAGConAgra April volatility elevated into Q3 and outlook
ConAgra April call option implied volatility is at 22, May is at 20, June is at 19, September is at 18; compared to its 26-week average of 19 according to Track Data, suggesting large April price movement into the expected release of Q3 results on March 26.

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