Morgan Stanley Upgrades ConAgra (CAG) to Overweight

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

ConAgra Foods (CAG) Reports In-Line Q4 EPS; Plans to Exit Private Brands Operations

June 30, 2015 7:31 AM EDT

ConAgra Foods (NYSE: CAG) reported Q4 EPS of $0.59, in-line with the analyst estimate of $0.59. Revenue for the quarter came in at $4.11 billion versus the consensus estimate of $4.14 billion.

Consumer Foods and Commercial Foods posted operating profit growth after adjusting for items impacting comparability, and including the benefit of the extra week.Private Brands posted an operating profit decline after adjusting for items impacting comparability, and including the benefit of the extra week.The company repaid approximately $1.1 billion of debt in fiscal 2015,... More