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

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

ConAgra Foods Comparable Third-Quarter EPS above Expectations; Fiscal 2015 EPS Guidance Increased; Fiscal 2015 Debt Reduction Goal Reaffirmed; Impairment Charge for Private Brands

March 26, 2015 7:30 AM EDT

Fiscal 2015 Third-quarter Highlights (% cited vs. year-ago period amounts, where applicable):

Diluted EPS from continuing operations posted a loss of $(2.23) per share as reported, due to significant non-cash impairment charges, vs. $0.52 a year ago. After adjusting for items impacting comparability, diluted EPS of $0.59 this quarter was ahead of expectations and below year-ago comparable diluted EPS of $0.62. 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... More