Raise in shares said to be driven by excellent consumer foods growth.
ConAgra Foods reported results for the fiscal 2010 second quarter ended Nov. 29, 2009. Diluted EPS from continuing operations was $0.55 compared with $0.38 a year ago. Current quarter results include $0.03 per diluted share of net benefit, and prior year amounts included $0.05 of net expense, from items impacting comparability. Diluted EPS from continuing operations was up 45% as reported and 21% on a comparable basis. Items impacting comparability in the current year and prior year are summarized on ConAgra's Website with information including:
Diluted EPS from continuing operations of $0.55 as reported, and $0.52 excluding items impacting comparability; up 45% as reported and up 21% on a comparable basis.
Consumer Foods’ operating profits increased 31%.
Consumer Foods’ sales increased 3% and unit volumes increased 2%.
Commercial Foods’ operating profits increased 1%.
Fiscal 2010 diluted EPS from continuing operations, excluding items impacting comparability, now expected to approach $1.73.
Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.
A leading bottled water company needed a carrier to transport water from 29 plants to retailers. The challenge? Handling over 46,000 pounds. Read the study.
Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.
