SOURCE: Industrial Info Resources

Industrial Info Resources

September 21, 2011 06:15 ET

ConAgra Sees Expected Dip in Profits in Fiscal First-Quarter 2012, Keeps Sunny Outlook, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 21, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading North American food company ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) reported stronger sales but weaker profits in the company's fiscal first-quarter 2012, as inflation and wheat-market factors negated the impact of improved pricing. Net income for the quarter was reported to be $85.3 million, a 41.74% decrease from fiscal first-quarter 2011.

Industrial Info is tracking $127 million in total ConAgra spending, including a $50 million addition to a nutritional snack bars manufacturing plant in Grand Rapids, Michigan. For more information, visit Industrial Info's North American Food & Beverage Project Database.

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