ConAgra Foods (CAG) Tops Q3 EPS by 7c; Boosts FY15 EPS Outlook

ConAgra Foods (NYSE: CAG) reported Q3 EPS of $0.59, $0.07 better than the analyst estimate of $0.52. Revenue for the quarter came in at $3.88 billion versus the consensus estimate of $3.87 billion.

ConAgra Foods sees FY201

• Consumer Foods posted flat volume, and comparable segment operating profit increased.
• Commercial Foods sales and comparable operating profit grew as the segment posted good domestic results for Lamb Weston potato operations and good overall efficiencies.
• Private Brands comparable profits were substantially below year-ago amounts due to a continued competitive bidding environment and execution shortfalls. Private Brands comparable profits are expected to improve in fiscal 2016 and beyond due to execution-related initiatives being implemented.

5 EPS of $2.15-$2.19, versus the consensus of $2.14.

For earnings history and earnings-related data on ConAgra Foods (CAG) click here.

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