Thursday, June 29, 2017

ConAgra Q4 Profit Climbs; Sees Higher Earnings In FY18; Backs 2020 View

Packaged food producer ConAgra Brands Inc. reported Thursday higher net profit in its fourth quarter with margin strength. Net sales, meanwhile, declined from last year on weak volume. Looking ahead, for fiscal 2018, the company projects higher adjusted earnings and lower to flat sales. The company also reiterated its three-year fiscal 2020 financial algorithm.

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