Morgan Stanley Upgrades ConAgra (CAG) to Overweight

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Go back to Morgan Stanley Upgrades ConAgra (CAG) to Overweight

ConAgra Foods Fourth-Quarter EPS Grows as Planned; Outlines New Strategic Direction; Plans to Exit Private Label

June 30, 2015 7:30 AM EDT

OMAHA, Neb.--(BUSINESS WIRE)-- Today ConAgra Foods, Inc., (NYSE: CAG) reported results for the fiscal 2015 fourth quarter ended May 31, 2015. Highlights:

Diluted EPS from continuing operations of $0.47 per share as reported, vs. a loss of $(0.95) a year ago. After adjusting for items impacting comparability, diluted EPS of $0.59 this quarter was ahead of $0.55 a year ago, as expected. An extra week in the fourth quarter of fiscal 2015 favorably impacted current-quarter amounts. Consumer Foods and Commercial Foods posted operating profit growth after adjusting for items impacting comparability, and... More