Text size: Small font Default font Larger font

Have an account? Please log in.

.
TSI Network
Patrick McKeough is one of Canada’s top safe-money advisors. The Wall Street Journal, Forbes and The Hulbert Financial Digest have all recognized his ability to find stocks with hidden value. He is editor and publisher of The Successful Investor, Stock Pickers Digest, Wall Street Stock Forecaster and Canadian Wealth Advisor; inventor of the Quick Profit/Value System and the ValuVesting System™. A best-selling Canadian author, he wrote Riding the Bull, the book that predicted the 1990s stock-market boom.

Investing in stocks: ConAgra reports lower earnings, slightly higher sales

December 22, 2010 -  Be the first to comment
Posted by: Glenn Wilkins Filed in: Stock Investing
  • Comments
  •  
  •  
.

ConAgra Foods Inc. (New York symbol CAG) makes a wide variety of packaged foods, including Chef Boyardee canned pasta, Hunt’s tomato sauce, Peter Pan peanut butter and Orville Redenbacher popcorn.

The company gets 67% of its revenue by selling its products to consumers. It gets the remaining 33% by selling foods to businesses.

In its 2011 second quarter, which ended November 28, 2010, ConAgra’s sales rose 2.0%, to $3.2 billion from $3.1 billion a year earlier. Sales rose 1.0% at the consumer foods division, to $2.1 billion from $2.07 billion. The commercial foods division’s sales rose 3.0%, to $1.1 billion from $1.0 billion. The company sold more of its Lamb Weston specialty potato products. As well, ConAgra’s flour-milling operations raised their prices to offset higher wheat costs.

In the latest quarter, the company earned $200.9 million, or $0.45 a share, down 16.2% from $239.7 million, or $0.53 a share, a year earlier. Strong price competition and rising ingredient costs cut profit margins. That was the main reason for the decline.

If you’re interested in investing in stocks in the U.S. market, you really should have a subscription to our Wall Street Stock Forecaster newsletter. What’s more, you can get one month free when you subscribe now. Click here to learn how.

Be the first to comment
.

Permalink: http://www.tsinetwork.ca/?p=43775


All of our articles are available for republishing as long as you provide a link back to the original article.

Tags: , , ,

  • Comments
  •  
  •  
.

Would you like us to inform you when new articles are posted?

What do you think? Go ahead and add your comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.

.

Free Subscription to
The Successful Investor Network Daily

  • Daily investment advice you can act on
  • Free access to our special stock market reports
  • Plus much, much more! Try it today
Twitter Facebook
Follow TSI Network on Twitter and Facebook!

TSI Network Products

In today's economy, it's more important than ever to have clear investment advice that is tailored to your own personal goals. This is where Pat McKeough's conservative safe-investing philosophy comes in. Through TSI Network, you get access to reports, monthly newsletters and premium services that go beyond the daily headlines to give you all the advice and information you need to build a portfolio with long-term growth potential. Simply click on the links below to discover which service is right for you.

.
.