Dive Summary:
- ConAgra recently posted its earnings for the fiscal quarter ending on November 25, beating analysts estimates with a 17.4% rise in profits to $211 million on a 9% rise in sales.
- These excellent numbers have caused executives to up their forecasts for next quarter, predicting a continued increase in sales over the next several months.
- Sales in consumer foods rose 11% and 5% in commercial supplies, which helped offset a 4% decline in organic volume.
From the article:
Omahabased ConAgra Foods is organized into two businesses: Consumer Foods, which sells grocery brands such as Healthy Choice and Egg Beaters; and Commercial Foods, which supplies specialty products to
foodservice and manufacturing customers including frozen potato products, flours and Spicetec flavors and seasonings.
In the quarter ended Nov 25, it posted a 17.4%rise in profit to $211.6m on sales up 9% to $3.74bn, beating analysts’ expectations.
