Conagra Foods - US-Markenartikler - 500 Beiträge pro Seite

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aktuell 3,3% div.Rendite...:

ConAgra Foods Reports Strong Fiscal 2010 EPS from Continuing Operations and Operating Cash Flow of $1.4 Billion; Expects Strong EPS and Cash Flow Performance in Fiscal 2011
Fourth Quarter Highlights (vs. year-ago amounts)
Note:Year-ago results include an extra week.

* Diluted EPS from continuing operations was $0.27 as reported. After adjusting for net $0.12 of items impacting comparability, diluted EPS was $0.39 for the quarter.
* Consumer Foods' sales and volume declined 4% as reported, and increased 3% excluding the benefit of an extra week in the year-ago period.
* Consumer Foods' operating profit declined 15% as reported and increased 10% excluding items impacting comparability.
* Commercial Foods' sales and operating profit decreased, partly due to the extra week a year ago; foodservice conditions remain challenging.
* Full year operating cash flow from continuing operations was $1.4 billion, approximately $450 million higher than year-ago amounts.
* Fiscal year 2010 diluted EPS from continuing operations as reported was $1.67; after adjusting for net $0.07 of items impacting comparability, diluted EPS was $1.74 (rounded) for the fiscal year.
* The company expects fiscal 2011 diluted EPS to grow 8-10% from fiscal 2010 comparable diluted EPS of $1.74.

OMAHA, Neb., Jun 24, 2010 (BUSINESS WIRE) --ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading food companies, today reported results for the fiscal 2010 fourth quarter ended May 30, 2010. Diluted EPS from continuing operations was $0.27 compared with $0.38 a year ago. After adjusting for net $0.12 in the current quarter and net $0.03 in the year-ago period from items impacting comparability, current-quarter diluted EPS was $0.39, down from $0.41 for the same period a year ago. The decline was expected, principally due to the extra week in the year-ago period and challenges for the Lamb Weston operations. Items impacting comparability in the current year and prior year are summarized toward the end of this release.

Gary Rodkin, ConAgra Foods' chief executive officer, commented, "We are pleased with our fiscal year, posting comparable diluted EPS of $1.74 and generating very strong operating cash flow of $1.4 billion. We grew year-over-year unit and dollar market share in our Consumer Foods segment, reflecting successful sales, innovation, and marketing initiatives. This top-line progress, coupled with cost savings initiatives, allowed us to generate strong earnings, invest for the future, and more than offset challenges affecting our Commercial Foods segment. We are confident that fiscal 2011 will continue to demonstrate our company's earnings power and ability to generate strong cash flows."

Consumer Foods Segment (66% of Fiscal 2010 sales)
Branded and non-branded food sold in retail and foodservice channels.

The Consumer Foods segment posted sales of $2,029 million and operating profit of $226 million for the quarter. Sales declined 4% as reported but increased 3% on a comparable 13-week basis. Unit volumes increased 3% on a comparable 13-week basis. Foreign exchange favorably impacted sales growth by 1%.

* On a comparable 13-week basis, large brands that posted sales growth in the current quarter include Banquet, Chef Boyardee, DAVID, Healthy Choice, Hunt's, PAM, Peter Pan, Rosarita, Slim Jim, Snack Pack, and others.
* Sales growth reflects the ongoing benefit of innovation, particularly in the frozen foods operations, as well as high-impact marketing investments over the last several quarters and strengthening customer relationships.
* More brand details can be found in the Q&A document accompanying this release.

Operating profit of $226 million was 15% below year-ago amounts as reported. Current-quarter amounts include $69 million of net expense from items impacting comparability; excluding those amounts, current-quarter operating profit was $295 million, up 10% from year-ago amounts. The comparable year-over-year profit improvement primarily reflects strong cost savings efficiencies that more than offset modest input cost inflation. See page 11 for a Regulation G reconciliation of Consumer Foods segment sales and operating profit amounts, which detail the items impacting comparability for those measurements.

Given progress with initiatives involving operating efficiencies, innovation, marketing, and customer service, the company is confident in the strength of the foundation of this segment as it plans for profitable future growth.

Commercial Foods Segment (34% of Fiscal 2010 sales)
Specialty potato, seasonings, blends, flavors, and milled grain products
sold to foodservice and commercial channels worldwide.

Fiscal fourth quarter sales for the Commercial Foodssegment were $1,033 million, 6% below last year's $1,103 million, reflecting the impact of an extra week last year as well as lower flour milling sales in the current quarter due to the pass-through impact of lower underlying wheat costs. Segment operating profit was $111 million, 26% below last year's $151 million. The profit decline reflects the extra week last year and unfavorable product costs at Lamb Weston resulting from a poor-quality potato crop. Lamb Weston's weaker profit performance also reflects the impact of a cost allocation process change as previously communicated, which benefited earlier fiscal quarters this year but which negatively impacted the current quarter. Although below last year's outstanding results, flour milling profits remained very strong from a tight focus on product mix, operating efficiencies, and capitalizing on market opportunities.

As discussed in the company's press release dated June 7, 2010, the company has entered into an agreement to divest its Gilroy Foods & Flavors dehydrated vegetable operations. The results of those operations have been reclassified from the Commercial Foods segment to discontinued operations for all periods presented.

Hedging Activities - Beginning in fiscal 2009, the company began to reflect realized and unrealized gains and losses from derivatives (except for those related to the milling operations) used to hedge anticipated commodity consumption in earnings immediately within general corporate expenses.The gains and losses are reclassified from Corporate expense to segment operating results in the period in which the underlying item being economically hedged is recognized in cost of goods sold.

The company recorded an immaterial net hedging benefit in unallocated Corporate expense in the current quarter, and $38 million of net hedging benefit in unallocated Corporate expense in the year-ago period. The company identifies the $38 million in prior-year amounts as an item impacting comparability. Hedge amounts are reclassified from unallocated Corporate expense to the operating segments when the underlying commodity being hedged is recognized in segment cost of goods sold.

Other Items

* Corporate expense was $124 million for the quarter and $116 million in the year-ago period. Current-quarter amounts include approximately $14 million of transaction-related costs associated with securing federal tax benefits related to the Delhi, La. sweet potato project. These benefits will be recognized by the company in future years. Current quarter amounts also include approximately $4 million of expense related to restructuring activities. Prior-year amounts include net $12 million of unallocated expense related to commodity hedging and debt retirement charges. Excluding these amounts, current-quarter Corporate expense was $106 million, compared with $104 million for the same period a year ago.
* Equity method investment earnings were $4 million, down from $10 million in the year-ago period. The decline reflects continued difficult market conditions for an international potato joint venture.
* Net interest expense was $39 million in the current quarter, lower than $51 million in the year-ago period largely due to the extra week a year-ago. Interest income from the notes receivable held in connection with the divestiture of the Trading & Merchandising operations benefited the current quarter and the year-ago period by approximately $22 million and $21 million, respectively.
* The effective tax rate for continuing operations for the quarter was approximately 32%, which was lower than planned due to favorable changes in estimates and settlements, offset in part by unfavorable tax consequences resulting from recently enacted healthcare legislation. The net benefit from this lower rate is cited as an item impacting comparability.

Discontinued Operations

Diluted EPS from discontinued operations was a loss of $0.07 for the quarter. Included in discontinued operations for the quarter are results for the dehydrated vegetable operations, reclassified from the Commercial Foods segment due to their pending sale.

* There was approximately $0.01 of diluted EPS contribution from operating activities for the dehydrated vegetable operations; this contribution was part of the company's annual EPS guidance.
* The company recognized a pre-tax, non-cash impairment charge of approximately $60 million, or $0.09 loss per share, representing a write-down of the carrying value of the assets to fair value based on the anticipated proceeds from the sale.

Capital Items

During the quarter, the company's transaction activities included:

* Acquiring Elan Nutrition, a formulator and producer of private label snack and nutrition bars, for approximately $105 million in cash; this transaction was completed during the fourth quarter of fiscal 2010.
* Announcing an agreement to acquire American Pie, LLC, the manufacturer of Marie Callender's branded frozen pies and fruit cobblers and Claim Jumper branded frozen items; the purchase price is expected to be $130 million in cash; this transaction is expected to close in the first quarter of fiscal 2011, subject to customary closing conditions.
* Announcing an agreement to sell the dehydrated vegetable operations of Gilroy Foods & Flavors, formerly in the Commercial Foods segment, to Olam International for approximately $250 million in cash; this transaction is expected to close in the first quarter of fiscal 2011, subject to customary closing conditions.

* During the quarter, ConAgra Foods received $115 million as payment in full of all principal and interest due on the first tranche of notes from Gavilon, LLC, in advance of the scheduled June 19, 2010 maturity date. The notes were received in connection with the divestiture of the company's Trading & Merchandising operations in fiscal 2009.
* During the quarter, the company repurchased approximately 4 million shares of common stock. The company has $400 million remaining under the $500 million share repurchase authorization communicated earlier this year.
* Dividends for the quarter totaled $89 million versus $85 million in the year-ago period, reflecting a dividend increase earlier in fiscal 2010.
* For the quarter, capital expenditures for property, plant, and equipment were $123 million, compared with $117 million in the year-ago period. Depreciation and amortization expense from continuing operations was approximately $86 million for the quarter; this compares with a total of $79 million in the year-ago period.
* During the quarter, the company made a voluntary $100 million contribution to its pension plans.

Fiscal 2011

Consistent with its long-term EPS goals, the company expects fiscal 2011 diluted EPS, adjusted for items impacting comparability, to reflect 8-10% growth from its fiscal 2010 diluted comparable EPS of $1.74. The company expects the EPS growth to be concentrated in the second half of the fiscal year. This timing largely reflects:

* the raw-material-related cost issues at Lamb Weston, which are expected to improve with the new potato crop, and
* the difficult comparison created by unusually strong net cost savings in the Consumer Foods segment in the first half of fiscal 2010.

The company also expects cash flow from operations to be approximately $1.2 billion in fiscal 2011.

See page 11 for a Regulation G reconciliation of full year diluted EPS from continuing operations.

Comparable EPS Amounts

Diluted EPS from continuing operations for the fourth quarter of fiscal 2010 was $0.27.The comparable EPS amount of $0.39 is determined by adjusting the $0.27 by the following items (EPS amounts rounded and after tax):

* Approximately $0.05 per diluted share of restructuring expense resulting primarily from the company's decision to move manufacturing activities in Garner, N.C. to Troy, Ohio, as well as the company's decision to move administrative functions in Edina, Minn. to Naperville, Ill. These pretax costs of $39 million are classified as $3 million of cost of goods sold and $32 million of selling, general, and administrative expense (SG&A) within the Consumer Foods segment, and $4 million of SG&A costs classified within unallocated Corporate expense.
* Approximately $0.05 per diluted share of impairment charges in the Consumer Foods segment resulting from an updated assessment of manufacturing strategies and the related impact on an existing facility. The $33 million of pretax impairment charge is classified as SG&A expense.
* Approximately $0.02 per diluted share of expense, or $14 million of pretax transaction-related costs associated with securing federal tax benefits related to the Delhi, La. sweet potato project.
* Approximately $0.01 per diluted share of net income tax benefits resulting in a lower-than-planned effective income tax rate.
* $0.01 of diluted EPS was reclassified from the Commercial Foods segment to discontinued operations during the quarter due to the pending divestiture of the dehydrated vegetable operations; these earnings were part of the company's EPS plans for the year, and the company has included this $0.01 as part of comparable diluted EPS when evaluating progress toward its stated diluted EPS goals.

Diluted EPS from continuing operations for the fourth quarter of fiscal 2009 was $0.38*.The comparable EPS amount of $0.41 is determined by adjusting the $0.38 by the following items (EPS amounts rounded and after tax):

* Approximately $0.07 per diluted share of expense related to early retirement of debt; this is classified as $50 million of (pre-tax) unallocated Corporate expense.
* Approximately $0.05 per diluted share of net benefit to unallocated Corporate expense resulting from:

* Reclassifying $29 million of net losses on derivatives from unallocated Corporate expense to the operating segments, and
* Generating an additional $9 million of net gains on derivatives used to hedge commodity input costs. This gain was reclassified to the operating segments at a later date when underlying items were recognized in segment results.

* $0.01 of diluted EPS previously in continuing operations was reclassified to discontinued operations based on divestiture plans for the dehydrated vegetable operations announced June 7, 2010. This topic is discussed above and in the 8-K filed with the SEC on June 7, 2010.

*The company estimates a benefit of approximately $0.03 per diluted share due to the extra week in the fourth quarter of fiscal 2009, which enabled additional marketing and innovation investments.

See Page 11 for a Regulation G reconciliation of diluted EPS from continuing operations.

Discussion of Results

ConAgra Foods will host a conference call at 9:30 a.m. EDT today to discuss the results. Following the company's remarks, the call will include a question-and-answer session with the investment community. Domestic and international participants may access the conference call toll-free by dialing 1-888-668-1640 and 1-913-312-0971, respectively. No confirmation or pass code is needed. This conference call also can be accessed live on the Internet at http://investor.conagrafoods.com.

A rebroadcast of the conference call will be available after 1 p.m. EDT today. To access the digital replay, a pass code number will be required. Domestic participants should dial 1-888-203-1112, and international participants should dial 1-719-457-0820 and enter pass code 4764133. A rebroadcast also will be available on the company's Web site.

In addition, the company has posted a question-and-answer supplement relating to this release at http://investor.conagrafoods.com. To view recent company news, please visit http://media.conagrafoods.com.

ConAgra Foods, Inc., (NYSE: CAG) is one of North America's leading food companies, with brands in 96 percent of America's households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip and many ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at http://www.conagrafoods.com.

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First Quarter Fiscal 2011 Highlights:

* Diluted EPS from continuing operations of $0.32 as reported and $0.34, adjusted for items impacting comparability; diluted EPS from continuing operations declined 14% as reported and 11% on a comparable basis.
* Consumer Foods' sales and operating profits declined, reflecting difficult competitive conditions for some categories, a sluggish retail environment, and inflation that outpaced cost savings. Innovation and accelerating productivity are expected to improve this segment's results in the back half of the fiscal year.
* Commercial Foods' operating profits decreased as expected due to higher costs associated with the prior year's potato crop; benefits from the new potato crop are expected to improve results in the back half of the fiscal year.
* Revised Outlook: Fiscal 2011 diluted EPS adjusted for items impacting comparability now expected to grow 5-7% over the fiscal 2010 comparable base of $1.74.
* The company raised the annualized dividend 15% to $0.92 per share from $0.80 per share. The new quarterly rate of $0.23 per share will be effective with the December 2010 payment.

ConAgra Foods, Inc., (NYSE: CAG) one of North America's leading packaged food companies, today reported results for the fiscal 2011 first quarter ended Aug. 29, 2010. Diluted EPS from continuing operations was $0.32, including $0.02 per diluted share of net expense from items impacting comparability. Adjusting for those items, diluted EPS from continuing operations was $0.34, which is below comparable year-ago amounts. For the same period a year ago, diluted EPS from continuing operations as reported was $0.37, which included $0.01 of expense from items impacting comparability. Items impacting comparability in the current year and prior year are summarized toward the end of this release.

Gary Rodkin, ConAgra Foods' chief executive officer, said, "Our fiscal first-quarter margins and EPS were lower than planned because of an intense promotional environment and inflation that outpaced cost savings. There were, however, several signs of strength in terms of market share and brand sales, demonstrating progress and growth potential for important parts of our portfolio."

He continued, "Our plans are to improve the EPS performance in the back half of the year through increased contribution from recently introduced new products and recent acquisitions, productivity initiatives, and more effective promotional strategies. Our initiatives, as well as lower SG&A expense, are expected to provide meaningful financial offset to the challenges we face. Furthermore, the positive impacts from a higher-quality potato crop are expected to provide increased year-over-year profitability for the Commercial Foods segment, particularly in the back half of the year."

"Based on the first-quarter performance and overall business conditions, we have revised our yearly outlook to 5-7% comparable EPS growth for the full year. We are confident that the strong foundation we have built over the last few years through innovation, cost savings, marketing, and sales execution initiatives will allow us to deliver our revised full-year EPS results."

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ConAgra Cuts Long-Term View As Inflation Takes A Toll

2-22-11 11:28 AM EST | E-mail Article
BOCA RATON, Fla. -(Dow Jones)- ConAgra Food Inc. (CAG) expects higher inflation and other headwinds to take a toll on bottom-line growth over the long term, though net price increases and cost-cutting measures should ease some of the new pressures over time.


The company, which was presenting at the Consumer Analyst Group of New York conference, cut its long-term per-share earnings growth forecast to the range of 6% to 8% a year from its prior 8% to 10% range. It expects sales to grow by about 3% annually.
ConAgra, whose products including Healthy Choice and Banquet frozen meals, Hunt's ketchup and Slim Jim meat snacks, has been trying to adjust its merchandising tactics as consumers make more, smaller shopping trips. The company is also facing sharply higher input costs, saying it expects inflation of 7% in fiscal 2012.

ConAgra had been running generous promotions on many of its products during the recession but more recently has changed course and said it is raising some net prices to offset commodity inflation.

"You will see pretty significant changes in some of our price points," Chief Executive Gary Rodkin said. In an interview, Rodkin said the company will increase prices and change its promotional strategy, for example offering two frozen meals for $5, instead of its earlier two for $4.

The company shouldn't have trouble introducing the new prices, Rodkin said, because there's not much private-label competition in that segment. In areas where store brands do have a large presence, Rodkin said ConAgra will focus on trying to keep a steady price gap.

Overall, ConAgra is increasing prices on more than half of its U.S. portfolio, with some changes already visible in supermarket aisles and others expected to be rolled out throughout the early spring.

Combined with the pricing actions, Chief Financial Officer John Gehring said internal cost-savings measures should cover "a significant amount" of inflation in coming years.

Gehring said the company will leverage its product procurement capabilities and continue to improve supplier relationships to keep costs down for products whose prices it cannot hedge.

As a result, he said, ConAgra should be able to improve margins "over time."

The company backed its full fiscal year forecast of low single-digit growth on a percentage basis. Pricing actions, new products, cost savings and a better potato product will help improve results in the second half of the fiscal year.

Meanwhile, Rodkin said ConAgra is "more open than we have been in my five years [as chief]" toward acquisitions. The company will focus mainly on domestic opportunities, as companies with an emerging-market focus have hefty price tags. ConAgra would also be able to leverage its current infrastructure with more local add-ons.

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ConAgra Foods Announces Dividend Payment

OMAHA, Neb.--(BUSINESS WIRE)--Jul. 17, 2012-- The board of directors of ConAgra Foods, Inc., (NYSE: CAG) approved a dividend payment of $0.24 per common share to be paid on Aug. 29, 2012, to stockholders of record at the close of business on July 27, 2012.

[ulrichernstmartin]

!

Dieser Beitrag wurde von CloudMOD moderiert. Grund: Spam, Werbung

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ConAgra Foods steigert die Dividende und erhöht die Prognose

Der Lebensmittelkonzern ConAgra Foods (ISIN: US2058871029, NYSE: CAG) gibt am Freitag eine Dividendenerhöhung um 4,2 Prozent bekannt. ConAgra wird seinen Aktionären zukünftig eine Quartalsdividende von 0,25 US-Dollar ausschütten. Bisher erhielten die Anteilsinhaber 0,24 US-Dollar. Auf das Jahr hochgerechnet schüttet ConAgra damit zukünftig 1,00 US-Dollar aus. Die aktuelle Dividendenrendite beträgt beim derzeitigen Aktienkurs von 25,65 US-Dollar 3,89 Prozent.

...

ConAgra zählt zu den größten nordamerikanischen Lebensmittelunternehmen. Der Konzern aus Omaha in Nebraska bietet verpackte Produkte wie Pasta, Meeresfrüchte oder Snacks in Supermärkten, Restaurants oder auch bei Cateringunternehmen an. Laut Unternehmensangaben nutzen 97 Prozent der US-Haushalte Produkte von ConAgra.

[ulrichernstmartin]

Conagra ist nach langem Schlaf möchtig in der Offensive jede menge Übernahmen, über 1,2 Mrd § freir Cashflow. Bin beu Kurse um 25$ rein, wo es noch die 4% Dividiemde gab. Mehr dazu hierhttp://www.valueblog.de/?p=1590.

Bei Conagra scheint das Mamagemt entdlich schwun reinbracht haben, bessere Marnen. gute Markennamen einkauft. Das Conagra könnt langfrisig echt was werden.

[goetz12]

Zeitenwende?
Das war ja ein Absturz par excellence und die Aktie scheint sich auf "Normalnull" einzupendeln. Jedenfalls erwarte ich sie in der Groessenordnung von 22.
Hoffe, dass es anderen Verbraucherwerten nicht auch so geht.

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die Zahlen 2013/14 waren von Impairment getrübt, Divi fließtweiter

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das EK hamse aber gewaltig eingedampft...

Aktie derzeit sehr teuer

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Antwort auf Beitrag Nr.: 52.022.978 von R-BgO am 21.03.16 08:53:16

ConAgra war mal 'ne richtig solide Bude...

jetzt machen sie kontinuierlich Verluste und das KE verflüchtigt sich immer schneller;

KBV bereits >5

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heute gesehen, weil spin-off eingebucht:

ConAgra Foods Completes Spin-off of Lamb Weston Business and Becomes Conagra Brands

CHICAGO--(BUSINESS WIRE)--Conagra Brands, Inc. (NYSE: CAG), formerly known as ConAgra Foods, Inc., has completed the previously announced separation of its Lamb Weston business. The company’s name change has also become effective.

“This marks an exciting new chapter for Conagra. We are now a pure-play company with a renewed focus on capturing growth and driving shareholder value,” said Sean Connolly, president and chief executive officer of Conagra Brands. “This has been a time of tremendous change and I want to thank all of our employees for their efforts and determination during this transformation.”

For the first time in Conagra’s history, the company will be a singularly focused, consumer branded food company. The company name change to Conagra Brands reflects this new direction and streamlined focus. Conagra Brands’ annualized net sales are expected to approximate $8 billion. The company’s common stock continues to trade on the New York Stock Exchange under the ticker symbol “CAG”. Lamb Weston Holdings, Inc., now an independent company, trades on the New York Stock Exchange under ticker symbol “LW”.

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Dividenden-SENKUNG sagt eigentlich alles...

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Conagra Brands Announces Pricing of Public Offering of Common Stock

CHICAGO, Oct. 9, 2018 /PRNewswire/ --

Conagra Brands, Inc. (CAG) today announced the pricing of an underwritten offering of 16,312,057 shares of its common stock at a public offering price of $35.25 per share. Conagra Brands has also granted the underwriters an option, exercisable for 30 days after the date of the final prospectus supplement, to purchase up to an additional 1,631,206 shares of its common stock at the public offering price less an underwriting discount. JANA Partners LLC is purchasing 5,673,759 shares in the offering. Conagra Brands expects to receive net proceeds of $556 million (or approximately $612 million if the underwriters exercise, in full, their option to purchase additional shares), after deducting the underwriting discount, but before deducting estimated offering expenses. The offering is expected to close on October 12, 2018, subject to customary closing conditions.

Conagra Brands intends to use the net proceeds from the offering to finance, in part, its pending acquisition of Pinnacle Foods Inc. ("Pinnacle"). The net proceeds will also fund, in part, the payment of expenses related to the Pinnacle transaction (including retiring certain Pinnacle debt and paying related transaction costs) and the repayment of borrowings under Conagra Brands' existing term loan facility and commercial paper program. If the acquisition of Pinnacle is not consummated for any reason, Conagra Brands intends to use the net proceeds from the offering for general corporate purposes.

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bisher war die Akquisition kein Brüllen...