ConAgra Foods (CAG) Tops Q2 EPS by 11c
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Fiscal 2016 Comparable Q2 EPS Above Expectations; Private Label Transaction Expected to Close Early 2016; Near Term Focus on Driving Efficiency and Lamb Weston Spin
December 22, 2015 7:30 AM ESTOMAHA, Neb.--(BUSINESS WIRE)-- Today ConAgra Foods, Inc., (NYSE: CAG) reported results for the fiscal 2016 second quarter ended November 29, 2015.
Highlights (% cited indicates change vs. year-ago amounts, where applicable. SG&A refers to selling, general, and administrative expense, and COGS refers to cost of goods sold)
Diluted EPS from continuing operations as reported was $0.37, compared with $0.49 in the year-ago period. After adjusting for items impacting comparability, diluted comparable EPS of $0.71 this quarter was ahead of $0.61 in the year-ago period; these amounts include... More