SOURCE: Industrial Info Resources

Industrial Info Resources

September 22, 2010 05:20 ET

ConAgra Reports Diminished Profits for Fiscal First-Quarter 2010 as Consumers Cut Back, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - September 22, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- North American packaged food leader ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) reported slight declines in revenue and net income for the company's fiscal first-quarter 2010, as tougher competition and a slow economic recovery weighed down progress. Net income for the quarter stood at $146.4 million, an 11.75% decrease from the same period last year. As part of its North American Project Database, Industrial Info is tracking ConAgra projects with combined total investment values of more than $428 million.

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