SOURCE: Industrial Info Resources

Industrial Info Resources

December 22, 2010 05:10 ET

Tough Market Conditions Weaken ConAgra Foods in Second Quarter of Fiscal Year 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 22, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading North American food company ConAgra Foods Incorporated (NYSE:CAG) (Omaha, Nebraska) saw mixed results in the second quarter of the company's fiscal year 2011 as difficult market conditions and a weaker-than-expected customer response to promotions resulted in a slight dip in profits, despite overall progress in sales. Net income for the quarter was reported to be $200.9 million, a 16.19% decrease from second-quarter 2010.

Industrial Info is tracking 13 active ConAgra projects in North America that are worth a total of more than $240 million, including a $60 million expansion at a 215,000-square-foot frozen food plant in Troy, Ohio. For more information, visit Industrial Info's North American Food and Beverage Project Database.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to foodgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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