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Stock Market & Financial Investment News

News Breaks
January 8, 2014
06:15 EDTCAG, KRFTKraft dealing with Velveeta shortage, AdAge reports
According to an email from a Kraft spokesperson, "Given the incredible popularity of Velveeta this time of year, it is possible consumers may not be able to find their favorite product on store shelves over the next couple of weeks." The company expects this shortage to be a short-term issue, AdAge reports. Reference Link
News For KRFT;CAG From The Last 14 Days
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December 18, 2014
12:26 EDTCAGOn The Fly: Midday Wrap
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10:04 EDTCAGConAgra sees private brands recovery taking longer than originally planned
Expects recovery for private brands segment to take longer than originally planned. Sees private brands "down" for the year, but still expects to meet FY company EPS commitments. Sees FY15 as a year of "foundation building." Expects having FX headwinds "to deal with." Expects inflation in proteins to be "manageable." Says committed to long-term vision for private brands. CEO Gary Rodkin says still intends to retire in May, but will be flexible. Says CEO search ongoing. Says international shipments disrupted by longshoremen labor dispute, says issues may cause further disruption. Sees other units offsetting weakness in private brands. Sees operating margin growing double digit levels over next few years. Says capital allocation priority will be repayment of debt. Intends to maintain current annual dividend rate, will limit share repurchases. Expects limited acquisition activity as company repays debt. Sees good sales, profit growth for commercial foods in FY15. Comments made on the Q2 earnings conference call. ConAgra shares are down 4.42% to $35.46 in morning trading.
08:41 EDTKRFTKraft Foods CEO Vernon to retire, Cahill to be Chairman and CEO
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07:32 EDTCAGConAgra sees FY15 adjusted EPS up MSD over FY14
The company continues to expect fiscal 2015 diluted EPS, adjusted for items impacting comparability, to show a mid-single digit rate of growth over the comparable diluted EPS of $2.17 earned in fiscal 2014. Consensus is $2.25. For the full fiscal year, a continuation of good performance from Consumer Foods and Commercial Foods, as well as the benefit of productivity and efficiency initiatives, are expected to offset a profit decline in the Private Brands segment. The company continues to expect operating cash flow to be in the range of $1.6 billion-$1.7 billion, and to reduce debt by a total of $1 billion in fiscal 2015, thereby reaching its broader debt reduction goals for the fiscal 2013-2015 period.
07:31 EDTCAGConAgra reports Q2 comparable EPS 61c, consensus 61c
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December 17, 2014
15:18 EDTCAGNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Accenture (ACN), consensus $1.20; ConAgra (CAG), consensus 61c; Rite Aid (RAD), consensus 5c; Sanderson Farms (SAFM), consensus $4.01; Actuant (ATU), consensus 42c.
December 12, 2014
12:33 EDTCAGConAgra volatility elevated into Q2 and outlook
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07:23 EDTKRFTCredit Suisse to hold a conference
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December 11, 2014
07:51 EDTKRFTCredit Suisse to hold a conference
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