SOURCE: Industrial Info Resources

Industrial Info Resources

June 24, 2011 06:30 ET

ConAgra Posts Strong Gains for Fourth-Quarter, Full-Year Fiscal 2011, Despite Inflationary Headwinds, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jun 24, 2011) - Leading North American food company ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) reported strong profits for fiscal fourth-quarter and full-year 2011, as pricing gains, cost savings and improved sales offset the effects of inflation late in the fourth quarter. Net income was reported to be $254.9 million for the quarter, compared with $90.6 million in fiscal fourth-quarter 2010, and $818.8 million for the year, a 13.2% increase from fiscal 2010.

Industrial Info is tracking 11 active ConAgra projects in the U.S. that are worth a total of more than $205 million, including a $50 million expansion at a nutritional bars food manufacturing plant in Grand Rapids, Michigan. For more information, visit Industrial Info's North American Food & Beverage Industry Project Database.

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