RBC Capital Reiterates Outperform on ConAgra Brands (CAG) Following 2Q Report
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CORRECTING and REPLACING Conagra Brands Announces Details of Fiscal 2017 Second Quarter Earnings Release and Conference Call
December 22, 2016 9:32 AM ESTCHICAGO--(BUSINESS WIRE)-- Third paragraph, second sentence of release dated December 15, 2016, should read:Â Domestic and international participants may access the replay via phone by dialing 888-203-1112 and 719-457-0820 respectively and using passcode 1870935 through Thursday, Jan. 5, 2017 at 12:30 p.m. EST. (instead of: Domestic and international participants may access the replay via phone by dialing 877-719-9810 and 719-325-4896 respectively and using passcode 1870935 through Thursday, Jan. 5, 2017 at 12:30 p.m. EST.)
The corrected release reads:
CONAGRA BRANDS ANNOUNCES DETAILS OF FISCAL 2017 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL
Conagra Brands,... More
Conagra Brands Reports Continued Margin Expansion and EPS Growth in Second Quarter
December 22, 2016 7:27 AM ESTCHICAGO--(BUSINESS WIRE)-- Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fiscal 2017 second quarter ended November 27, 2016.
Highlights
(all comparisons are against the year ago period, unless otherwise noted)
Diluted EPS from continuing operations grew 44.4% from $0.18 to $0.26; adjusted diluted EPS from continuing operations grew 25.6% to $0.49, despite the inclusion of Spicetec Flavors and Seasoning and JM Swank in the prior year. Adjusted financial measures exclude the comparability items summarized at the end of this release and are non-GAAP. Please see the end of this release... More